10 Best Soaps and Cleaning Materials Stocks to Invest In

7. Bath & Body Works, Inc. (NYSE:BBWI)

Number of Hedge Fund Holders: 36

Bath & Body Works, Inc. (NYSE:BBWI), previously known as L Brands, Inc., is a retailer of soaps and sanitizers, home fragrances, and body care products. According to Insider Monkey’s database, 36 funds had stakes in Bath & Body Works, Inc. (NYSE:BBWI) in the fiscal third quarter of 2024.

The company’s net sales for fiscal Q3 2024 were $1.6 billion, up 3% compared to last year. Its strategic investments and focused execution of the five E strategy are driving momentum toward long-term profitable growth for the company. The five Es of its strategy includes elevating the Bath and Body Works brand and core products, engaging with its core customers innovatively, extending its reach to new markets and adjacencies, enhancing its omnichannel experience, and enhancing operational efficiency and excellence. It made progress across all these categories in fiscal Q3 2024.

Bath & Body Works, Inc. (NYSE:BBWI) is also focusing on store expansion. It opened its 500th international store in London at the end of fiscal Q3 2024. Its partner store openings for the year are on track, with around 50 net new stores.