Movement Alert｜Bath & Body Works Inc. Intraday Rise 8.26% in Regular Trading, Q2 Beat and Higher Full-Year EPS Outlook Support Shares

Market Focus10-16

On October 16, Bath & Body Works Inc. rose 8.26% in Regular Trading, trading at $20.5 per share, with turnover of $116 million.

The move followed stronger-than-expected quarterly results and improved full-year guidance. The company reported second-quarter adjusted EPS of $0.62, well above the $0.24 consensus estimate, on revenue of $1.514 billion versus expectations of $1.497 billion.

Bath & Body Works Inc. also narrowed its full-year sales outlook to a decline of 4% to 2.5%, raised adjusted EPS guidance to $2.60 to $2.80 from $2.40 to $2.65, and projected about $650 million in free cash flow. The updated outlook indicated improving execution in its transformation efforts and helped reinforce investor confidence.

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