Reported about 8 hours ago
Bath & Body Works reported a second-quarter profit that fell short of Wall Street expectations, citing increased costs and uncertain consumer spending as key challenges. Despite a 6% drop in shares during premarket trading, the company is taking steps to reposition its products as affordable luxuries. While the retailer has managed to mitigate some tariff impacts by sourcing most of its goods locally, it has still adjusted its annual profit forecast to reflect current conditions.
Source: YAHOO