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

Three Limited Parkway, Columbus, OH, 43230, United States

614-415-7000

www.bbwinc.com

Market Cap

$3.97B

P/E (TTM)

6.3

37.3

Dividend Yield

4.1%

52W High

$34.66

52W Low

$14.28

52W Range

25%

Rank46Top 59.5%

3.5

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$2.72B+0.00%

4-Quarter Trend

EPS

$1.90+0.00%

4-Quarter Trend

FCF

$814.00M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Sales Slightly Decline Total Net Sales $7,291M, down 0.2% versus 2024; Operating Income $1,126M, down 11% versus 2024.

Operating Income Rate Drops Operating Income rate fell to 15.4% in 2025 from 17.3% in 2024, impacted by Gross Profit rate decline.

Strong Cash Flow Generation Net Cash Provided by Operating Activities reached $1,102M in 2025, up from $886M in 2024; Free Cash Flow $865M.

Store Footprint Expansion Company operated 1,927 stores as of January 31, 2026, achieving 2% net square footage growth during 2025.

Risk Factors

Macroeconomic Sensitivity High Sales sensitive to general economic conditions, inflation, tariffs, and consumer spending patterns impacting demand.

Strategic Transformation Execution Risk Success of multi-year Consumer First Formula transformation is subject to various uncertainties and requires significant investment.

Labor Costs Increasing Competitive labor market compels higher wages and benefits costs, potentially increasing operating expenses materially.

Supply Chain Geographic Risk Manufacturing and distribution concentration in Central Ohio exposes operations to local disruptions or adverse conditions.

Outlook

Consumer First Formula Launch Launched multi-year transformation focusing on product innovation, brand revitalization, and marketplace expansion in Q3 2025.

Cost Savings Initiative Planned Plans to deliver $250M in cost savings over two years, with $175M expected in fiscal 2026 for reinvestment.

Off-Mall Store Expansion Continuing off-mall expansion strategy, targeting 75% off-mall fleet mix over time from current 60% mix.

Capital Investment Focus Expecting $270M capital expenditures in 2026, focused on high return real estate and Consumer First Formula initiatives.

Peer Comparison

Revenue (TTM)

$22.62B

-1.7%

GPI

$22.57B

+13.2%

THO

$9.93B

+4.6%

Gross Margin (Latest Quarter)

ETSY

73.1%

-0.7pp

GLBE

46.0%

-0.4pp

MAT

46.0%

-3.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
URBN	$5.69B	12.2	17.7%	24.5%
TMHC	$5.52B	7.1	12.8%	24.0%
GLBE	$5.49B	80.6	7.5%	2.9%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

24.1%

Strong Growth

4Q Net Income CAGR

56.6%

Profitability Improved

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:May 14, 2026

EPS:$0.29

Revenue:$1.36B

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data