Bath & Body Works shares tumble as retailer cuts profit outlook due


Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada.

Artur Widak | Nurphoto | Getty Images

Bath & Body Works shares fell in after-hours trading Wednesday after the retailer cut its profit outlook for the year, in part due to expected increases in inflationary pressures.

The stock fell more than 5% after hours, following an 8.6% decline during the trading day, amid a broader market selloff.

The company said in prepared remarks that it has been facing higher costs of raw materials, transportation and wages — like many retailers. Bath & Body Works now expects to take a hit of between $225 million and $250 million from…

Source cnbc.com

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