Bath & Body Works' Sales Forecast Too Modest? Goldman Sachs Cites Momentum And Consumer Trends

Goldman Sachs analyst Kate McShane reiterated the Buy rating on Bath & Body Works, Inc. BBWI, with a price forecast of $52.The company’s third-quarter adjusted earnings per share of 49 cents beat the analyst consensus of 47 cents. Quarterly sales of $1.610 billion, a growth of 3.1% year-over-year, came above the street view of $1.579 billion.The gross margin was 43.5%, down 20 bps YoY, and the operating margin was 13.5% compared to 14.2% YoY.The analyst projects the company well-positioned to offer affordab ...