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So Far Bath & Body Works Stock is Showing No Separation Anxiety

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20.08.2021

On August 19, Bath & Body Works (NYSE: BBWI) delivered its first earnings report since separating from Victoria’s Secret (NYSE: VSCO). Bath & Body Works and Victoria’s Secret were the two signature brands that comprised the company formerly known as LBrands.

Many analysts were curious to see how the company would perform on its own. And the early bets suggested that this was going to be a tough report. Shares of BBWI stock were down over 10% from their 52-week high in the two weeks since liquidating Victoria’s Secret in early August.

However, BBWI stock is now soaring back towards that 52-week high after a stellar earnings report. The company reported net sales of $3.318 billion in Q2 and which was a 43% increase from the same quarter in 2020. It was also a 14% increase from the same quarter in 2019.

What really stood out was the company’s guidance which suggested sales growth at a mid- to high-single digit level........

© Entrepreneur


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