Bath & Body Works Boosts Outlook Amid Strong Q3 Sales and Holiday Demand

Bath & Body Works has raised its full-year adjusted profit forecast and anticipates a smaller decline in annual sales due to strong holiday demand and new product offerings, including its winter fragrance range. The company's shares rose 12% in premarket trading as it reported a 3% increase in third-quarter sales, surpassing estimates. Bath & Body Works expects net sales to decrease by 1.7% to 2.5% for 2024, an improvement from its previous forecast, and adjusted earnings per share between $3.15 and $3.28.