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Bath & Body Works Reports Lower Profit

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Bath & Body Works BBWI 1.77%increase; green up pointing triangle reported lower fourth-quarter profit, but said its strategy pivot to refocus on its core products was making progress.

The personal-care retailer posted net income of $403 million, or $1.99 a share, down from $453 million, or $2.09 a share, the year prior. Analysts polled by FactSet expected $1.78 a share.

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