🔴 Bath & Body Works is trading 4% down in pre-market after below-consensus Q3 earnings forecast

Bath & Body Works is trading 4.04% down now at $16.87 after its August 26, 2026 earnings release included a below-consensus Q3 forecast despite a profit beat supported by approximately $80 million in tariff refunds.

• Revenue declined 2.3% year over year.
• Management’s Q3 earnings forecast fell short of consensus; full-year adjusted EPS guidance was raised to $2.60–$2.80.
• The earnings reaction is the clearest explanation; pre-market decline follows an 8.29% drop on August 25, while broader U.S. indexes were nearly flat.