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Bath & Body Works At Fashion Valley In San Diego
Shoppers walk by a Bath & Body Works store in San Diego, California (Kevin Carter/Getty Images)

Bath & Body Works shares slide as mall staple’s guidance underwhelms investors

Bath & Body Works shares dip despite a fragrant fourth-quarter earnings beat.

Shares of Bath & Body Works fell nearly 12% on Thursday, even after the lotions and fragrance retailer topped Q4 estimates. Fourth-quarter net sales came in at $2.78 billion, down over 4% from the same period last year but still ahead of expectations. Meanwhile, earnings per share hit $2.09 — also down from last year, but above estimates of $2.04 per share.

Bath & Body Works saw record double-digit growth for its holiday collections during the quarter. The company is attracting a younger, more diverse customer base with higher-quality fragrances and popular limited-edition collaborations, like with hit show “Emily in Paris.” 

But the companys outlook wasn’t so rosy: Bath & Body Works expects net sales growth of 1% to 3% for 2025, a slight improvement from a 1% decline in 2024. Earnings per diluted share are forecast to be between $3.25 and $3.60 for the year ahead, a decline from last year’s results. That compares to analysts’ expectations of sales growth of 2.9% and EPS of $3.66.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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