Bath & Body Works jumps after cheery earnings report

Shares of Bath & Body Works jumped nearly 20% Monday morning after the embattled retailer reported better-than-expected earnings, a sign that its worst days might be behind it.

The company reported net sales of $1.61 billion, up 3% from the same period last year. Its same-store sales were down 1.5% — the smallest decline since that key industry metric started going red in 2022.

The company raised its earnings-per-share forecast to $3.15 to $3.28, up from previous guidance of $3.06 to $3.26. This is a welcome trend going into the holiday season, which is typically the strongest quarter for Bath & Body Works and other retailers.

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