
Bath & Body Works, Inc.
NYSE•BBWI
CEO: Ms. Gina R. Boswell
Sector: Consumer Cyclical
Industry: Specialty Retail
Listing Date: 1982-04-01
Bath & Body Works, Inc. operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements. 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.
Contact Information
Market Cap
$4.71B
P/E (TTM)
6.4
37.5
Dividend Yield
3.6%
52W High
$41.87
52W Low
$21.71
52W Range
3.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q2 2025 Data
Revenue
$1.55B+1.51%
4-Quarter Trend
EPS
$0.30-55.88%
4-Quarter Trend
FCF
-$99.00M-1.98%
4-Quarter Trend
2025 Q2 Earnings Highlights
Key Highlights
YTD Sales Growth YTD Net Sales grew 2.2% to $2,974M; Stores Net Sales increased 4.6% due to BOPIS fulfillment adoption.
Gross Profit Rate Improvement Gross Profit rate improved to 43.3% YTD, increasing dollar profit by $54M compared to the prior year period.
Operating Cash Flow Surge Net Cash Provided by Operating Activities reached $145M YTD, a substantial increase from $30M reported last year.
Adjusted EPS Stability Q2 Adjusted Diluted EPS held steady at $0.37 USD, despite reported Net Income falling to $64M from $152M.
Risk Factors
Operating Income Pressure Q2 Operating Income decreased 14.2% to $157M, driven by $15M in leadership transition costs impacting margins.
Higher Effective Tax Rate Effective tax rate for Q2 2025 was 32.3% USD, significantly higher than the 0.9% USD reported in Q2 2024.
Equity Deficit Worsening Total Shareholders' Equity (Deficit) worsened to ($1,547)M as of August 2, 2025, reflecting cumulative losses incurred.
Tariff Cost Mitigation Strategic sourcing and operational efficiencies are required to mitigate cost impacts from tariffs and policy changes.
Outlook
Focus on Profitable Growth Strategy focuses on delivering durable, profitable growth by making strategic moves resonating with current and future customers.
Digital Platform Elevation Elevating owned digital platform functionality and storytelling to boost brand equity and direct channel sales performance.
Product Messaging Modernization Amplifying efficacy message and modernizing packaging to better reflect key product attributes for younger consumers.
New Distribution Exploration Exploring new forms of distribution beyond owned channels to reach younger consumers and drive brand discovery.
Peer Comparison
Revenue (TTM)
$22.54B
THO$9.58B
GPK$8.61B
Gross Margin (Latest Quarter)
MAT50.0%
GLBE45.5%
BBWI41.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| MAT | $6.29B | 14.4 | 18.8% | 30.2% |
| GLBE | $6.03B | -212.1 | -3.2% | 2.0% |
| URBN | $5.51B | 11.7 | 19.3% | 25.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.3%
Flat Growth
4Q Net Income CAGR
-15.5%
Declining Profitability
Cash Flow Stability
50%
Cash Flow Needs Attention
Research & Insights
Reports
All Years
Form 10-Q - Q2 2025
Period End: Aug 2, 2025|Filed: Aug 28, 2025|Revenue: $1.55B+1.5%|EPS: $0.30-55.9%MissForm 10-Q - Q1 2025
Period End: May 3, 2025|Filed: May 29, 2025|Revenue: $1.42B+2.9%|EPS: $0.49+25.6%BeatForm 10-K - FY 2024
Period End: Feb 1, 2025|Filed: Mar 14, 2025|Revenue: $7.31B-1.6%|EPS: $3.62-6.9%BeatForm 10-Q - Q3 2024
Period End: Nov 2, 2024|Filed: Nov 26, 2024|Revenue: $1.61B+3.1%|EPS: $0.49-5.8%BeatForm 10-Q - Q2 2024
Period End: Aug 3, 2024|Filed: Aug 28, 2024|Revenue: $1.53B-2.1%|EPS: $0.68+58.1%BeatForm 10-Q - Q1 2024
Period End: May 4, 2024|Filed: Jun 4, 2024|Revenue: $1.38B-0.9%|EPS: $0.39+8.3%BeatForm 10-K - FY 2023
Period End: Feb 3, 2024|Filed: Mar 22, 2024|Revenue: $7.43B-1.7%|EPS: $3.89+12.8%BeatForm 10-Q - Q3 2023
Period End: Oct 28, 2023|Filed: Dec 1, 2023|Revenue: $1.56B-2.6%|EPS: $0.52+30.0%Beat