
Shares of Bath & Body Works Inc. (NYSE: BBWI) and all its investors have been through the wringer. Shares closed just under $17 on Nov. 26, up close to 20% from recent lows but still down more than 20% from the prior week’s pre-earnings levels. The stock is now trading at prices not seen in years, down more than 60% below its level in February.
It’s been a brutal stretch for a company once considered one of the most reliable cash machines in retail.