Why Is Bath & Body Works Stock Sinking Thursday? - Bath & Body Works (NYSE:BBWI)

Bath & Body Works, Inc. (NYSE:BBWI) stock tumbled Thursday after the retailer missed third-quarter expectations and slashed its full-year outlook, a sharp warning that discretionary spending is weakening just as the holiday season begins.The company reported third-quarter adjusted earnings per share of 35 cents, missing the Street view of 40 cents.Following the results, Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating on the stock, with a price forecast of $38.Also Read: Walmart Q3 ...