Bath & Body Works sees wider-than-expected drop in Q3 sales; shares fall

Bath & Body Works

26/08/2026 12:26

** Shares of Bath & Body Works down about 3% at $17.14 in volatile premarket trading
** Co forecasts wider-than-expected Q3 net sales decline, as the personal care brand cites weak store traffic amid early stages of turnaround
** Expects Q3 net sales to decline between 2.5% and 5%, compared to estimates of a 2.9% drop - data compiled by LSEG
** Also expects third quarter adjusted earnings per share between 7 cents and 12 cents vs estimates of 26 cents
** Co reports Q2 sales of $1.51 billion, slightly beating estimates of $1.50 billion
** BBWI, however, raises its forecast for annual adjusted profit; now expects between $2.60 and $2.80 per share vs prior forecast of $2.40 to $2.65 per share
** Expects full-year net sales to decline between 2.5% and 4% vs previous forecast of a drop in the range of 2.5% to 4.5%
** Excluding benefit of about $80 million in tariff refunds during the quarter, adjusted earnings per share stands at 31 cents, analyst's estimates profit of 24 cents per share
** As of last close, BBWI down 12.5% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))