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Bath & Body Works BBWI Reportable Segment — Adjusted Cost of Goods Sold

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Other financials

Income statement

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Revenue$1.4B-3.2%
Gross profit$587.0M-9.1%
Operating income$231.0M+10.5%
Net income$183.0M+74.3%
EPS (diluted)$0.90+83.7%

Balance sheet

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Cash & equivalents$820.0M+28.9%
Total debt$4.7B-5.4%
Total equity-$1.1B+21.9%
Total assets$5.0B+1.7%

Cash flow

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Operating cash flow$244.0M+29.8%
CapEx$49.0M+32.4%
Free cash flow$195.0M+29.1%

Valuation

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Market cap$4.06B-34.1%
Enterprise value$7.95B-26.3%
P/E5.6×-2.9×
P/S0.6×-0.3×

Profitability

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Gross margin43.2%-1.4pp
Operating margin15.8%-1.7pp
Net margin10%-1.1pp
FCF margin10.6%+0.7pp

Returns & leverage

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Return on equity-56.3%
Debt / equity262.3×
Current ratio1.4×0.0×

Where this comes from

Reported directly by Bath & Body Works in its filing.

Tagged under the XBRL concept bbwi:AdjustedCostOfGoodsSold.

The source filing: Bath & Body Works’s 10-Q, filed May 27, 2026.

Filed
May 27, 2026, 4:22 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000701985-26-000014
Line itemFirst Quarter / 2026First Quarter / 2025
Net Sales$1,378$1,424
Adjusted Cost of Goods Sold(521)(509)
Buying and Occupancy(269)(269)
Adjusted Selling Expenses(256)(256)
Adjusted Marketing Expenses(51)(49)
Adjusted General and Administrative Expenses(130)(132)
Adjusted Operating Income151209
Interchange Fee Settlements (a)88

Item 1. Financial Statements

FAQ

What is Bath & Body Works's reportable segment — adjusted cost of goods sold?
Bath & Body Works (BBWI) reported reportable segment — adjusted cost of goods sold of $521M in Q1 2026.
How has Bath & Body Works's reportable segment — adjusted cost of goods sold changed year-over-year?
Bath & Body Works's reportable segment — adjusted cost of goods sold increased by 2.4% year-over-year, from $509M to $521M.
What does reportable segment — adjusted cost of goods sold mean?
This represents the direct costs attributable to the production and procurement of goods sold, adjusted to exclude non-recurring or non-operational items. It provides a normalized view of the direct cost structure required to support the segment's revenue. Monitoring this helps assess the underlying efficiency of the supply chain and product sourcing.

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