Bath & Body Works stock is higher Monday after the retailer reported better-than-expected results and raised its full-year forecast.

Bath & Body Works (BBWI) stock is eyeing its best day ever after better-than-expected quarterly earnings and a hiked forecast

For the current quarter, Bath & Body Works ( BBWI ), which includes holiday sales, sales are expected to be down 4.5% to down 6.5% with a 500-basis point headwind due to the shorter holiday season and an extra week in Q4 2023. Earnings are targeted for $1.94 to $2.07 per share compared to $1.97 estimates.

The company now expects net sales for the year to drop by 2.5% to 1.7%, compared with earlier guidance for a decline of 4% to 2%.CEO Gina Boswell praised the company’s “strong execution and momentum” toward “sustainable,