Consumer
Bath & Body Works Jumps Most Since 2022 After Guidance Boost
Analysts say companies that can lure customers with innovative products, value and convenience will be holiday winners.
Photographer: Bridget Bennett/BloombergThis article is for subscribers only.
Bath & Body Works Inc. shares jumped the most since 2022 after the fragrance retailer raised its profit forecast for the year, citing strong results in the most recent quarter.
The company now expects adjusted earnings per share to be between $3.15 to $3.28, up from previous guidance for a range of $3.06 to $3.26. The market consensus is for $3.23, according to the average estimate of analysts surveyed by Bloomberg.