Bath & Body Works Inc Share News

Is it time to buy retail stocks to buy on the dip? Amid high uncertainty surrounding the near-term prospects of both consumer discretionary retailers, as well as historically recession-resistant retailers like discount stores and grocery stores, this may be a question on your mind.

COLUMBUS, Ohio & NEW YORK--(BUSINESS WIRE)--Bath & Body Works is collaborating with Accenture to modernize, transform and simplify its core digital and technology platforms.

On May 24, Intuit (NASDAQ: INTU ) was the S&P 500's worst-performing stock, prompting Barron's to wonder if the company behind TurboTax was one of the down, but not out, S&P 500 stocks to buy.  INTU stock lost more than 8% on the day after it said its Q4 2024 EPS should be $1.83.

Bath & Body Works NYSE: BBWI is a brand name synonymous with fragrant lotions and flickering candles, experienced a sudden chill in the market as investors reacted to the company's recent second-quarter sales forecast. Despite Bath & Body Works' earnings exceeding first-quarter estimates, the company's stock tumbled over 8% in pre-market trading.

Bath & Body is a dominant player in the fragrance industry, with a strong market share. The company has a successful loyalty program with a large number of members compared to the programs of great companies like Ulta or Sephora. After far exceeding the Q1 2024 guidance, I think the chances of exceeding Full-Year expectations are high.

Bath and Body Works Inc. saw sales decline in its latest quarter, but the company is betting on men's products as it looks to return to growth.

Bath & Body Works beat on the top and bottom lines today. Management even raised guidance for the year -- but still warned that profits will fall year over year.

If there's one takeaway from Q1 retail earnings that have been pouring in the last few weeks, it's that the US consumer may not be as resilient as they were to inflationary pressures in 2023.