Reported about 5 hours ago
Bath & Body Works has lifted its forecast for annual profit and expects a lesser decline in sales, driven by strong demand for candles and fragrances during the holiday season. The company introduced new winter fragrances to compete effectively in a challenging retail environment. Their predicted sales drop is now 1.7% to 2.5% for fiscal 2024, an improvement from earlier estimates. The retailer also outperformed profit expectations in the third quarter, with net sales rising by 3% to $1.61 billion.
Source: YAHOO