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Bath & Body Works, Inc. logo

Bath & Body Works, Inc.

BBWI

NYSEConsumer CyclicalSpecialty Retail

Open in GoAI

Previous close

$19.45

−$0.19 · -0.97%

Aug 21, 4:00 PM ET

BBWI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

75

Undervalued

Momentum

39

Weakening

Sentiment

68

Bullish

Risk resilience

39

High Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Bath & Body Works, Inc. operates as a specialty retailer of personal care and home fragrance products. The company offers body and home fragrances, including 3-wick candles, home fragrance diffusers, fine fragrance mists, eau de parfum, body wash, hand soaps, body lotions, and body creams, as well as sanitizer and other products. It sells its products under the Bath & Body Works and other brand names through retail stores and e-commerce sites in the United States and Canada, as well as through international stores operated by partners under the 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.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
US
CEO
Daniel Heaf
Listed since
Apr 1, 1982
Employees
60,735

Market position

Day range

Current $19.45

52-week range

Current $19.45

Open
$19.565
Previous close
$19.64
Volume
5.55M
0.97× average
Average volume
5.75M
Average daily volume
Market cap
3.92B USD
Beta
1.38
Market reference 1
50-day average
$20.3806
-4.57% below average
200-day average
$20.2288
-3.85% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.61B USD
P/E (TTM)
5.61×
P/B (TTM)
-3.47×
P/S (TTM)
0.54×
EV / EBITDA
6.1×
Earnings yield
14.07%
Free cash flow yield
18.75%
Dividend yield
4.11%

Profitability & efficiency

Gross margin
43.19%
Operating margin
15.85%
Net margin
10.03%
Return on equity
-50.74%
Return on assets
12.80%
Return on invested capital
20.96%

Financial health

Debt / equity
-4.16×
Current ratio
1.27×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends53%37%21%5%Gross margin, FY2021: 48.91%Gross margin, FY2022: 43.06%Gross margin, FY2023: 43.56%Gross margin, FY2024: 44.26%Gross margin, FY2025: 43.74%Operating margin, FY2021: 25.49%Operating margin, FY2022: 18.20%Operating margin, FY2023: 17.30%Operating margin, FY2024: 17.33%Operating margin, FY2025: 15.44%Net margin, FY2021: 16.91%Net margin, FY2022: 10.58%Net margin, FY2023: 11.82%Net margin, FY2024: 10.92%Net margin, FY2025: 8.90%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 48.91%. Gross margin FY2022 43.06%. Gross margin FY2023 43.56%. Gross margin FY2024 44.26%. Gross margin FY2025 43.74%. Operating margin FY2021 25.49%. Operating margin FY2022 18.20%. Operating margin FY2023 17.30%. Operating margin FY2024 17.33%. Operating margin FY2025 15.44%. Net margin FY2021 16.91%. Net margin FY2022 10.58%. Net margin FY2023 11.82%. Net margin FY2024 10.92%. Net margin FY2025 8.90%.

Income trends

Revenue

7.29B USD-0.22%

Operating income

1.13B USD-11.06%

Net income

649M USD-18.67%
Income trends across reported periods8.61B USD5.71B USD2.82B USD−74.3M USDRevenue, FY2021: 7.88B USDRevenue, FY2022: 7.56B USDRevenue, FY2023: 7.43B USDRevenue, FY2024: 7.31B USDRevenue, FY2025: 7.29B USDOperating income, FY2021: 2.01B USDOperating income, FY2022: 1.38B USDOperating income, FY2023: 1.29B USDOperating income, FY2024: 1.27B USDOperating income, FY2025: 1.13B USDNet income, FY2021: 1.33B USDNet income, FY2022: 800M USDNet income, FY2023: 878M USDNet income, FY2024: 798M USDNet income, FY2025: 649M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.88B USD. Revenue FY2022 7.56B USD. Revenue FY2023 7.43B USD. Revenue FY2024 7.31B USD. Revenue FY2025 7.29B USD. Operating income FY2021 2.01B USD. Operating income FY2022 1.38B USD. Operating income FY2023 1.29B USD. Operating income FY2024 1.27B USD. Operating income FY2025 1.13B USD. Net income FY2021 1.33B USD. Net income FY2022 800M USD. Net income FY2023 878M USD. Net income FY2024 798M USD. Net income FY2025 649M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue7.29B USD7.31B USD7.43B USD7.56B USD7.88B USD
Cost of goods sold4.1B USD4.07B USD4.19B USD4.31B USD4.03B USD
Gross profit3.19B USD3.23B USD3.24B USD3.26B USD3.86B USD
Selling, general, and administrative2.06B USD1.97B USD1.95B USD1.88B USD1.85B USD
Operating expenses2.06B USD1.97B USD1.95B USD1.88B USD1.85B USD
Interest expense276M USD312M USD345M USD348M USD388M USD
Depreciation and amortization254M USD282M USD269M USD221M USD363M USD
Operating income1.13B USD1.27B USD1.29B USD1.38B USD2.01B USD
Net income649M USD798M USD878M USD800M USD1.33B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 1 miss, 1 met estimate
Average EPS surprise
+9.79%
11 comparable reports
Latest EPS result
0.32
Estimate 0.29 · Beat by 9.81%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.241.560.880.21Q4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25MetQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Nov 25, 2024: actual 0.49, estimate 0.47, surprise +4.26%, Beat. Q1 2025, reported Feb 27, 2025: actual 2.09, estimate 2.04, surprise +2.45%, Beat. Q2 2025, reported May 29, 2025: actual 0.49, estimate 0.418, surprise +17.31%, Beat. Q3 2025, reported Aug 28, 2025: actual 0.37, estimate 0.37, surprise 0.00%, Met estimate. Q4 2025, reported Nov 20, 2025: actual 0.35, estimate 0.382, surprise -8.35%, Miss. Q1 2026, reported Mar 4, 2026: actual 2.05, estimate 1.77, surprise +15.82%, Beat. Q2 2026, reported May 27, 2026: actual 0.32, estimate 0.291, surprise +9.81%, Beat. Q3 2026, reported Aug 26, 2026: actual —, estimate 0.243, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.9B2.35B1.8B1.25BQ4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Nov 25, 2024: actual 1.61B USD, estimate 1.58B USD, surprise +1.94%, Beat. Q1 2025, reported Feb 27, 2025: actual 2.79B USD, estimate 1.42B USD, surprise +96.01%, Beat. Q2 2025, reported May 29, 2025: actual 1.42B USD, estimate 1.42B USD, surprise +0.05%, Beat. Q3 2025, reported Aug 28, 2025: actual 1.55B USD, estimate 1.64B USD, surprise -5.61%, Miss. Q4 2025, reported Nov 20, 2025: actual 1.59B USD, estimate 1.62B USD, surprise -1.89%, Miss. Q1 2026, reported Mar 4, 2026: actual 2.72B USD, estimate 2.63B USD, surprise +3.62%, Beat. Q2 2026, reported May 27, 2026: actual 1.38B USD, estimate 1.36B USD, surprise +1.20%, Beat. Q3 2026, reported Aug 26, 2026: actual —, estimate 1.5B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$21.75

11.83% upside
Past 12 months12-month forecastHigh $26.00Average $21.75Low $19.00

Rating distribution

22 ratings
Strong buy00%
Buy1045%
Hold1150%
Sell15%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.80

2025 complete year-17.5% since 2019

2026 partial: $0.60

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 21, 2026

$0.20

Quarterly

Record Aug 21, 2026 · Payment Sep 4, 2026

Dividend

Ex-dividend Jun 5, 2026

$0.20

Quarterly

Record Jun 5, 2026 · Payment Jun 19, 2026

Dividend

Ex-dividend Feb 20, 2026

$0.20

Quarterly

Record Feb 20, 2026 · Payment Mar 6, 2026

Dividend

Ex-dividend Nov 21, 2025

$0.20

Quarterly

Record Nov 21, 2025 · Payment Dec 5, 2025

Dividend

Ex-dividend Aug 22, 2025

$0.20

Quarterly

Record Aug 22, 2025 · Payment Sep 5, 2025

Dividend

Ex-dividend Jun 6, 2025

$0.20

Quarterly

Record Jun 6, 2025 · Payment Jun 20, 2025

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ETFs holding BBWI

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
130.94M
Weight
0.10%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
128.99M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
93.24M
Weight
0.05%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
59.21M
Weight
0.09%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
46.66M
Weight
0.05%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Pacer US Small Cap Cash Cows ETF logoPacer US Small Cap Cash Cows ETFCALF
Market value
32.71M
Weight
0.83%
AUM
3.89B USD
Expense ratio
0.59%
Price / 1D
$57.80+0.87%
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
28.97M
Weight
0.11%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$699.6+0.48%
State Street SPDR Portfolio S&P 400 Mid Cap ETF logoState Street SPDR Portfolio S&P 400 Mid Cap ETFSPMD
Market value
20.31M
Weight
0.11%
AUM
18.77B USD
Expense ratio
0.03%
Price / 1D
$67.27+0.52%

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