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Benzinga
Benzinga
Business
Adam Eckert

Why Bath & Body Works Stock Is Sliding After Hours

Bath Body Works NYSE

Bath & Body Works Inc (NYSE:BBWI) shares are trading lower in Wednesday's after-hours session after the company reported strong financial results, but cut earnings guidance below analyst estimates.

Bath & Body Works said first-quarter revenue decreased 1% year-over-year to $1.45 billion, which beat the $1.38-billion estimate, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of 64 cents per share, which beat the estimate of 50 cents per share.

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