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Other financials

Income statement

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Revenue$1.4B-3.2%
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

Calculated from Bath & Body Works’s reported figures.

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
Costs of Goods Sold, Buying and Occupancy(791)(778)
Gross Profit587646
General, Administrative and Store Operating Expenses(356)(437)
Operating Income231209
Interest Expense(69)(71)
Other Income, Net48
Income Before Income Taxes166146

Item 1. Financial Statements

FAQ

What is Bath & Body Works's gross profit?
Bath & Body Works (BBWI) reported gross profit of $587M in Q1 2026.
How has Bath & Body Works's gross profit changed year-over-year?
Bath & Body Works's gross profit decreased by 9.1% year-over-year, from $646M to $587M.
What is the long-term trend for Bath & Body Works's gross profit?
Over 4 years (2021 to 2025), Bath & Body Works's gross profit has grown at a -4.6% compound annual growth rate (CAGR), from $3.86B to $3.19B.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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