Deadline Alert: Bath & Body Works, Inc. (BBWI) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
Globenewswire· 2026-01-30 18:08
Core Viewpoint - Bath & Body Works, Inc. is facing a class action lawsuit due to significant declines in financial performance and misleading statements regarding its business strategy and growth prospects during the Class Period from June 4, 2024, to November 19, 2025 [1][6]. Financial Performance - On August 28, 2025, Bath & Body Works reported Q2 2025 earnings per diluted share of $0.30, a decline of 55.8% year over year, and net income of $64 million, down 57.9% year over year, missing guidance by $0.03 [2]. - On November 20, 2025, the company reported Q3 2025 revenue declined by 1% year over year, net income fell 26% to $77 million, and full year guidance for net sales was cut from a positive 1.5%-2.7% to a negative "high single digits" [4]. Stock Price Reaction - Following the Q2 results on August 28, 2025, Bath & Body Works' stock price fell by $2.18, or 6.9%, closing at $29.36 per share [3]. - After the Q3 results on November 20, 2025, the stock price dropped by $5.22, or 24.8%, closing at $15.82 per share [5]. Business Strategy and Misleading Statements - The lawsuit alleges that the company misled investors by failing to disclose that its strategy of "adjacencies, collaborations and promotions" was ineffective in growing the customer base and that it relied on brand collaborations to mask weak financial results [6]. - The company admitted that its previous strategy had not been successful and announced a shift to focus on core categories instead of adjacencies [4].
Trump Picks Kevin Warsh as Next Fed Chair
Nytimes· 2026-01-30 18:07
If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. ...
Week Ahead for FX, Bonds: U.S. Jobs Data, Central Bank Decisions in Focus
WSJ· 2026-01-30 18:06
U.S. jobs data will come back into focus in the coming week as investors assess the likely timing of the next Federal Reserve interest-rate cut. ...
4 Business Services Firms Poised to Beat Estimates This Earnings Season
ZACKS· 2026-01-30 18:05
Reflecting on the fourth quarter of 2025, the U.S. services sector continued its expansion. In December, the Services PMI, as reported by the Institute for Supply Management, came in at 54.4%, closing out 2025 on a strong note with its 10th month of expansion and the highest reading recorded during the year.According to the latest data from the Bureau of Economic Analysis, real GDP increased at an annual rate of 4.4% during July-September compared with 3.8% growth recorded in the second quarter. This improv ...
Carter's Wholesale Weakness: Temporary Reset or Structural Shift?
ZACKS· 2026-01-30 18:05
Core Insights - Carter's, Inc. (CRI) has faced a decline in net sales within its U.S. Wholesale segment during Q3 2025, primarily due to reduced demand for the Simple Joys brand on Amazon [1][9] - The company perceives the slowdown of Simple Joys as a structural shift rather than a temporary issue, prompting a strategic realignment with Amazon [2][9] - Management anticipates a low single-digit decline in wholesale sales for Q4 2025, although growth in other brands is expected to partially offset this decline [5][9] U.S. Wholesale Segment Performance - The U.S. Wholesale segment's decline is attributed to lower sales of the Simple Joys brand, which has been impacted by Amazon's new brand management strategy [1][2] - The company expects department stores to contribute less than 20% of total Wholesale channel sales in 2025, indicating a shift towards a more diversified wholesale mix [4] Strategic Adjustments - Under the revised strategy, core brands such as Carter's, OshKosh, Little Planet, and Otter Avenues are expected to gain more prominence [3] - The company plans to enhance collaboration with Amazon and share detailed growth initiatives moving forward [3] Financial Outlook - The Zacks Consensus Estimate indicates a significant year-over-year decline in earnings for CRI, with expected decreases of 44.4% for 2025 and 28.5% for 2026 [15] - CRI's shares have increased by 36.3% over the past six months, contrasting with a 17.7% decline in the industry [6]
Alibaba Backed Moonshot AI Upgrades Its Flagship Model, Claims to Outdo US Rival AI Models
Yahoo Finance· 2026-01-30 18:04
Alibaba Group Holding Limited (NYSE:BABA) is one of the Top 15 Chinese Companies on US Exchanges. On January 27, Bloomberg reported that Alibaba Group Holding Limited-backed Moonshot AI upgraded its flagship model, intensifying the domestic arms race ahead of DeepSeek’s expected rollout. Moonshot’s Kimi K2.5 claims to have video-generation and agentic capabilities that outperformed all three of the top U.S. AI models. Alibaba Backed Moonshot AI Upgrades Its Flagship Model, Claims to Outdo US Rival AI Mod ...
Citi Lowers PT on PDD Holdings to $142, Keeps Neutral Rating Ahead of Q4 2025 Earnings
Yahoo Finance· 2026-01-30 18:04
PDD Holdings Inc. (NASDAQ:PDD) is one of the Top 15 Chinese Companies on US Exchanges. On January 28, TheFly reported that Citi lowered the price target on PDD Holdings Inc. (NASDAQ:PDD) from $170 to $142, keeping a Neutral rating on the stock. The price target still implies more than 35% upside as of January 28. Citi Lowers PT on PDD Holdings to $142, Keeps Neutral Rating Ahead of Q4 2025 Earnings Of the 44 analysts covering PDD, 68% rate the stock Buy, 30% Hold, and 2% Sell. The median price target of ...
BofA Reduces PT On JD.com From $38 to $36 as Analyst Revises Revenue Estimates for Next Three Years
Yahoo Finance· 2026-01-30 18:04
JD.com, Inc. (NASDAQ:JD) is one of the Top 15 Chinese Companies on US Exchanges. On January 26, TheFly reported that BofA slightly reduced the price target on JD.com, Inc. (NASDAQ:JD) from $38 to $36. Joyce Ju from BofA revised the price target on JD while keeping a Buy rating on the shares. BofA Reduces PT On JD.com From $38 to $36 as Analyst Revises Revenue Estimates for Next Three Years 06photo/Shutterstock.com Ju has lowered the price target after revising JD.com, Inc.’s 2025, 2026, and 2027 revenue ...
Analyst Remains Buy on VNET Group as Its Shares Soar Over 67% In One Year
Yahoo Finance· 2026-01-30 18:04
VNET Group, Inc. (NASDAQ:VNET) is one of the Top 15 Chinese Companies on US Exchanges. VNET Group, Inc. (NASDAQ:VNET) shares have soared over 67% over the last one year, as of January 28. Out of 12 analysts covering VNET, 11 rate the stock as a Buy. VNET has a median price target of $15.21, implying 34.50% upside. Analyst Remains Buy on VNET Group as Its Shares Soar Over 67% In One Year Carol Gauthier/Shutterstock.com On January 9, BofA reaffirmed its Buy rating on VNET Group, Inc. (NASDAQ:VNET). Daley ...
Yum China Holdings Board Is Considering a Potential Quarterly Dividend, Here is What to Know?
Yahoo Finance· 2026-01-30 18:04
Yum China Holdings, Inc. (NYSE:YUMC) is one of the Top 15 Chinese Companies on US Exchanges. As of January 28, Yum China shares have jumped by over 9.50% over the past year. Out of 28 analysts covering YUMC, over 90% rank the stock as a Buy, while the remaining have rated it as a Hold. The median price target of 57% implies almost 13.73% upside. On January 22, Yum China Holdings, Inc. (NYSE:YUMC) announced that its board of directors is considering declaring and paying a potential quarterly dividend. Yu ...