Bath & Body Works trims sales forecast as demand slows into holiday season

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High living costs paired with sticky inflation has made consumers tighten their budgets when it comes to discretionary items, as they prioritize spending on groceries and food over pricier home fragrances and personal care products. Analysts have noted the company's product offerings have limited room for growth and are not recession-resistant as they come at high price points. Bath & Body Works earned 48 cents per share excluding one-time items in the third quarter ended Oct. 28, topping analysts' average estimate of 35 cents per share.
 
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