BBWI - What's In Store For Bath & Body Works In Q4? Analyst Sees Strong Merchandise Margin Improvement | Benzinga
Telsey Advisory Group analyst Dana Telsey reiterated the Outperform rating on Bath & Body Works, Inc.(NYSE:BBWI) with an unchanged price target of $50.
The company is scheduled to report its fourth-quarter earnings on Thursday, February 29, before the market opens.
On the topline, the analyst projects sales to decline 1.9% year over year to $2.833 billion, roughly in line with the consensus of $2.835 billion and guidance for sales to decrease between (5.0%)-(1.0%), driven by a same-store sales decline of 5%.
According to Telsey, the primary drivers of the outperformance came below the topline, with gross margin benefiting from strong merchandise margin improvement and ongoing benefits from cost optimization ...