BBWI - Why Bath & Body Works Shot Nearly 11% Higher Today
A day after reporting its second-quarter earnings after market hours, retailer Bath & Body Works ' (NYSE: BBWI) shares rose by 10.5% Thursday thanks to the estimates-crushing numbers the company posted.
For the quarter, Bath & Body Works' revenue landed just shy of $3.32 billion, which was a powerful 43% higher year over year. On the bottom line, the retailer -- previously known as L Brands -- flipped dramatically into the black with a profit of nearly $374.2 million ($1.34 per share) against the year-ago loss of almost $50 million.
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Why Bath & Body Works Shot Nearly 11% Higher Today