Boswell snapped up the slumping stock the following month, purchasing 6,000 shares in the company for $177,850.Write to Mackenzie Tatananni at [email protected]

Gina Boswell, CEO of Bath & Body Works, commented, “Our strong results exceeded the high end of our net sales and earnings per diluted share guidance. As a result, we are raising our full-year guidance to fully reflect this outperformance.”

Bath & Body Works is forecasting a smaller decline in full-year sales and raising its profit estimate after better-than-expected third-quarter earnings. The news sent the retailer’s share price up 17 percent to $35.96.

The company said that investments made in marketing and technology, combined with innovations in core products and collaborations, are resonating with new and existing customers.

Bath & Body Works stock is higher Monday after the retailer reported better-than-expected results and raised its full-year forecast. Here's what you need to know.