Bath & Body Works, Inc.BBWIEarnings & Financial Report
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
Revenue
$1.4B
Gross Profit
$606.0M
Operating Profit
$187.0M
Net Profit
$87.0M
Gross Margin
43.8%
Operating Margin
13.5%
Net Margin
6.3%
YoY Growth
-11.2%
EPS
$0.38
Bath & Body Works, Inc. Q1 FY2025 Financial Summary
Bath & Body Works, Inc. reported revenue of $1.4B (down 11.2% YoY) for Q1 FY2025, with a net profit of $87.0M (down 12.1% YoY) (6.3% margin). Cost of goods sold was $778.0M, operating expenses totaled $419.0M.
Key Financial Metrics
| Total Revenue | $1.4B |
|---|---|
| Net Profit | $87.0M |
| Gross Margin | 43.8% |
| Operating Margin | 13.5% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Bath & Body Works, Inc. Q1 FY2025 revenue of $1.4B breaks down across 3 segments, led by Bath Body Works Stores at $1.1B (80.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Bath Body Works Stores | $1.1B | 80.2% |
| Bath Body Works Direct | $250.0M | 18.1% |
| Bath Body Works International | $64.0M | 4.6% |
Bath & Body Works, Inc. Revenue by Segment — Quarterly Trend
Bath & Body Works, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Bath Body Works Stores and Bath Body Works Direct) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Bath Body Works Stores | $1.2B | $1.2B | $1.1B | $2.1B |
| Bath Body Works Direct | $299.0M | $267.0M | $250.0M | $579.0M |
| Bath Body Works International | $73.0M | $86.0M | $64.0M | $91.0M |
Bath & Body Works, Inc. Annual Revenue by Year
Bath & Body Works, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $7.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $7.3B |
| 2024 | $7.4B |
| 2023 | $7.6B |
Bath & Body Works, Inc. Quarterly Revenue & Net Profit History
Bath & Body Works, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $1.6B | -1.0% | $77.0M | 4.8% |
| Q2 FY2026 | $1.5B | +1.5% | $64.0M | 4.1% |
| Q1 FY2026 | $1.4B | +2.9% | $105.0M | 7.4% |
| Q4 FY2025 | $2.8B | -4.3% | $453.0M | 16.3% |
| Q3 FY2025 | $1.6B | +0.0% | $106.0M | 6.6% |
| Q2 FY2025 | $1.5B | -2.3% | $152.0M | 10.0% |
| Q1 FY2025 | $1.4B | -11.2% | $87.0M | 6.3% |
| Q4 FY2024 | $2.9B | +108.6% | $579.0M | 19.9% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.91B | $1.38B | $1.53B | $1.61B | $2.79B | $1.42B | $1.55B | $1.59B |
| YoY Growth | 108.6% | -11.2% | -2.3% | 0.0% | -4.3% | 2.9% | 1.5% | -1.0% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.46B | $5.22B | $4.95B | $4.98B | $4.87B | $4.88B | $4.81B | $4.99B |
| Liabilities | $7.09B | $6.90B | $6.67B | $6.73B | N/A | N/A | N/A | N/A |
| Equity | $-1.63B | $-1.68B | $-1.72B | $-1.75B | $-1.39B | $-1.45B | $-1.55B | $-1.59B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $926.0M | $76.0M | $-46.0M | $-99.0M | $955.0M | $188.0M | $-43.0M | $80.0M |