Bath & Body Works Initiates Turnaround Amid Cost-Saving Drive

2 months ago

Tom Keane with Paul Sweeney and Bloomberg's Lisa Matteo

"Bath & Body Works. Their shares are down as much as 15% following a cut in the full-year outlook. The company is launching a turnaround plan called the consumer first formula which is projected to yield 250 million in cost savings over the next 2 years. They are also restructuring by exiting the men's grooming and hair care categories, a shift that reflects the challenges in that segment."

The segment on Bath & Body Works outlines significant headwinds as the company faces a 15% drop in share price after lowering its full-year outlook. The announced turnaround strategy, including planned cost savings and a shift away from underperforming product categories, signals potential long-term restructuring challenges.

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