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BBWI — Bath & Body Works News Story

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Bath & Body Works slashes annual forecast on weak demand for candles, fragrances

Nov 20 (Reuters) - Bath & Body Works BBWI.N trimmed its annual profit and sales forecast on Thursday, signalling weak demand for its scented candles and fragrances among cash-strapped shoppers and mounting costs, sending shares down 15% in premarket trading.

It now expects 2025 net sales to decline by low single digits, compared with its prior forecast of a growth between 1.5% to 2.7%. It slashed its fiscal 2025 earnings per share forecast to at least $2.87, from prior forecast range of $3.35 to $3.60.

 (Reporting by Prerna Bedi in Bengaluru; Editing by Maju Samuel)

 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))

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