03:30 PM EDT, 08/29/2024 (MT Newswires) -- Bath & Body Works ( BBWI ) issued fiscal Q3 earnings per share guidance that aligns with a "prudent" outlook which will not significantly impact investor sentiment, UBS Securities said in a note Thursday.

The company's outlook reflects broader macroeconomic challenges, negatively impacting similar companies in the softlines sector such as Urban Outfitters ( URBN ) , Nordstrom ( JWN ) and PVH (PVH), however, the impact is minor "since stock prices mostly already assume a choppy environment," the brokerage said.

Bath & Body Works ( BBWI ) reduced its fiscal 2024 sales guidance, which can weigh on market sentiment despite Q2 margins and adjusted EPS exceeding estimates, according to UBS.

Bath & Body Works ( BBWI ) reported fiscal Q2 adjusted earnings Wednesday of $0.37 per diluted share, slightly beating analysts' consensus of $0.36.

Shares of the company were down 3.9% in recent trading.

Price: 31.06, Change: -1.24, Percent Change: -3.82