Why Bath & Body Works Stock Tumbled 13% on Tuesday

Even with falling profits, Bath & Body Works stock looks like it might be a buy.Soaps and sundries stock Bath & Body Works (BBWI -12.61%) fell 13% through 12:30 p.m. ET Tuesday despite the company beating on both sales and earnings in its first-quarter 2024 earnings report this morning.Heading into earnings, analysts forecast Bath & Body Works would earn $0.33 per share on sales of just under$1.4 billion. In fact, the company earned $0.38 per share, and its sales hit$1.4 billion on the nose. Bath & Body W ...