According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements, and that defendants failed to disclose that:
- Bath & Body Works’ strategy of pursuing “adjacencies, collaborations and promotions” was not growing the customer base and/or delivering the level of growth in net sales touted;
- as Bath & Body Works’ strategy of “adjacencies, collaborations and promotions” faltered, it relied on brand collaborations “to carry quarters” and obfuscate otherwise weak underlying financial results;
- as a result, Bath & Body Works was unlikely to meet its own previously issued financial guidance; and
- as a result of the foregoing, defendants’ positive statements about Bath & Body Works’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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