Bath & Body Works Exceeds Q1 Expectations but Lowers Full-Year Guidance

Revenue and earnings beat forecasts, yet revised annual outlook impacts stock performance.

Bath & Body Works reported Q1 revenue of $1.38 billion, a slight decline from last year but above Wall Street expectations.
Adjusted earnings per share rose to 38 cents, surpassing analyst forecasts and last year's figures.
Full-year guidance was adjusted, leading to a nearly 9% drop in the company's share price in pre-market trading.
Analysts have mixed ratings on the stock, with some raising price targets and others maintaining neutral positions.
The company plans significant investments in technology, supply chain, and new store formats to drive long-term growth.