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Bath & Body Works, Inc.(BBWI)Earnings, Financials & Key Ratios
BBWI•NYSE
$21.92
7.1× P/E·Price updated Jul 6, 2026
AboutBath & Body Works, Inc. operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. The company sells its products under the Bath & Body Works, White Barn, and other brand names through specialty retail stores and websites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements. As of January 29, 2022, it operated 1,755 company-operated retail stores and 338 international partner-operated stores. The company was formerly known as L Brands, Inc. and changed its name to Bath & Body Works, Inc. in August 2021. Bath & Body Works, Inc. was founded in 1963 and is headquartered in Columbus, Ohio.Show more
- Revenue$7.29B-0.2%
- EBITDA$1.38B-10.9%
- Net Income$649M-18.7%
- EPS (Diluted)3.07-15.0%
- Gross Margin43.74%-1.2%
- EBITDA Margin18.93%-10.7%
- Operating Margin15.44%-10.9%
- Net Margin8.9%-18.5%
BBWI Price & Volume
Bath & Body Works, Inc. (BBWI) stock price & volume — 10-year historical chart
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Promotional Reliance Masks Structural Margin Erosion Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Decelerating
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:Promotional margin erosion
Key Thesis Takeaways
- Bath & Body Works faces a challenging outlook as top-line growth has decelerated to a 3.2% year-over-year decline in 2026Q1, signaling a normalization of post-pandemic demand.
- The company's reliance on promotional activity to sustain volume has compressed operating margins from 24.3% in 2024Q4 to 16.8% in 2026Q1, raising concerns regarding long-term pricing power.
- Furthermore, the persistent negative equity position of $1.1 billion and a $4.7 billion debt load suggest that aggressive capital returns may be compromising the firm's long-term financial foundation.
Verdict Logic
the company's reliance on debt-funded capital returns despite a negative equity position of $1.1 billion and a declining top-line growth rate of -3.2% suggests significant long-term solvency risks.
BBWI Growth Metrics
Bath & Body Works, Inc. (BBWI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-4.98%
5 Years2.53%
3 Years-1.2%
TTM-15.83%
Profit CAGR
10 Years-6.37%
5 Years-5.12%
3 Years-6.74%
TTM-34.91%
EPS CAGR
10 Years-3.13%
5 Years0.46%
3 Years-3.63%
TTM-32.62%
Return on Capital
10 Years27.02%
5 Years31.19%
3 Years31.68%
Last Year31.63%
BBWI Recent Earnings
Bath & Body Works, Inc. (BBWI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 27, 2026Metric
Actual
Est
EPS
$0.32+9.8%
$0.29
Rev
$1.4B+1.2%
$1.4B
Q2 2026
Mar 4, 2026Metric
Actual
Est
EPS
$2.05+15.8%
$1.77
Rev
$2.7B+3.6%
$2.6B
Q4 2025
Nov 20, 2025Metric
Actual
Est
EPS
$0.35-8.4%
$0.38
Rev
$1.6B-1.9%
$1.6B
Q3 2025
Aug 28, 2025Metric
Actual
Est
EPS
$0.37+0.0%
$0.37
Rev
$1.5B-5.6%
$1.6B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 27, 2026 | $0.32vs $0.29+9.8% | $1.4Bvs $1.4B+1.2% |
| Q2 2026 | Mar 4, 2026 | $2.05vs $1.77+15.8% | $2.7Bvs $2.6B+3.6% |
| Q4 2025 | Nov 20, 2025 | $0.35vs $0.38-8.4% | $1.6Bvs $1.6B-1.9% |
| Q3 2025 | Aug 28, 2025 | $0.37vs $0.37+0.0% | $1.5Bvs $1.6B-5.6% |
Based on last 12 quarters of dataView full earnings history →
Latest BBWI News
Recent stock market news and headlines for Bath & Body Works, Inc. (BBWI)
GlobeNewsWire·23h ago
Bath & Body Works Introduces ‘Fruit Fusion' Franchise with Hilary Duff as Campaign Ambassador and Creative PartnerBath & Body Works introduces Fruit Fusion, their newest body care franchise featuring four brand-new fragrances with Hilary Duff starring in the campaign.
Seeking Alpha·Jun 28, 2026
Bath & Body Works: Ulta Beauty Partnership Adds To An Already Compelling Value StoryBath & Body Works remains a Strong Buy, with valuation deeply discounted relative to robust fundamentals and significant growth potential. BBWI's Q1 beat, resilient free cash flow guidance ($600M for 2026), and cost savings initiatives highlight operational strength amid macro headwinds. Expansion into Ulta Beauty stores and Amazon, alongside international growth, positions BBWI for long-term upside despite near-term consumer pressure.
Zacks Investment Research·Jun 26, 2026
Bath & Body Works (BBWI) Up 7.2% Since Last Earnings Report: Can It Continue?Bath & Body Works (BBWI) reported earnings 30 days ago. What's next for the stock?
Proactive Investors·Jun 24, 2026
Bath & Body Works' Ulta Beauty launch may expand reach, but channel shift risks remain: JefferiesBath & Body Works Inc (NYSE:BBWI) is preparing to launch a curated assortment of products at Ulta Beauty stores and online in July, a move that analysts at Jefferies said could broaden the retailer's distribution and customer discovery opportunities while facing limitations from store overlap and competition. The partnership is scheduled to begin on July 12 and will bring more than 55 Bath & Body Works stock-keeping units, including select exclusive products such as Juniper Breeze, to more than 600 Ulta locations and Ulta's e-commerce platform.
Peers Comparison
Key metrics vs top competitors for Bath & Body Works, Inc. (BBWI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $21.92 | $4.42B | 7.14 | -0.22% | 8.9% | — | 3.6% | |
| $73.49 | $4.37B | 167.02 | 24.59% | 3.34% | 5.16% | — | |
| $452.49 | $19.45B | 17.65 | 9.71% | 9.36% | 44.77% | — | |
| $2.25 | $1.98B | -5.11 | -3.68% | -9.26% | -14.13% | — | |
| $121.07 | $3.88B | 23.11 | 2.49% | 13.46% | 18.37% | — | |
| $0.75 | $97.84M | -4.72 | -10.02% | -2.03% | -9.41% | — |
Compare BBWI vs Peers
Bath & Body Works, Inc. (BBWI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BBWI SEC Filings & Documents
Bath & Body Works, Inc. (BBWI) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 27, 2026·SEC
Material company update
Mar 4, 2026·SEC
Material company update
Mar 3, 2026·SEC
10-K Annual Reports
410-Q Quarterly Reports
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BBWI Frequently Asked Questions
Bath & Body Works, Inc. (BBWI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Bath & Body Works, Inc.'s revenue?
Bath & Body Works, Inc. (BBWI) reported $7.25B in revenue for fiscal year 2025. This represents a 16% decrease from $8.64B in 1996.
How fast is Bath & Body Works, Inc. growing?
Bath & Body Works, Inc. (BBWI) saw revenue decline by 0.2% over the past year.
Is BBWI profitable?
Yes, Bath & Body Works, Inc. (BBWI) is profitable, generating $727.0M in net income for fiscal year 2025 (8.9% net margin).
Dividend & Returns
Does BBWI pay dividends?
Yes, Bath & Body Works, Inc. (BBWI) pays a dividend with a yield of 3.60%. This makes it attractive for income-focused investors.
What is Bath & Body Works, Inc.'s free cash flow?
Bath & Body Works, Inc. (BBWI) generated $909.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.