Bath & Body Works

Bath & Body Works (BBWI) Q1 2026 Earnings

Reported May 29, 2025 at 7:20 AM ET · SEC Source

Q1 26 EPS

$0.49

BEAT +3.99%

Est. $0.47

Q1 26 Revenue

$1.42B

MISS 0.02%

Est. $1.42B

vs S&P Since Q1 26

-54.5%

TRAILING MARKET

BBWI -27.1% vs S&P +27.4%

Market Reaction

Did BBWI Beat Earnings? Q1 2026 Results

Bath & Body Works posted a solid first quarter of fiscal 2025, beating earnings expectations while revenue landed essentially in line with Wall Street. The company reported adjusted earnings per diluted share of $0.49, ahead of the $0.47 consensus es… Read more Bath & Body Works posted a solid first quarter of fiscal 2025, beating earnings expectations while revenue landed essentially in line with Wall Street. The company reported adjusted earnings per diluted share of $0.49, ahead of the $0.47 consensus estimate by 3.99%, while net sales rose 2.9% year over year to $1.42 billion, finishing at the high end of its own guidance range. The earnings strength was underpinned by meaningful operating leverage, with gross profit expanding to $646 million from $606 million a year ago, even as interest expense declined to $71 million from $82 million thanks to ongoing debt reduction. U.S. And Canada stores led the top-line charge, with sales climbing 4.3% to $1.11 billion, though the direct channel slipped 4.3% to $250 million. The quarter also brought a notable leadership shift, as the company appointed former Nike executive Daniel Heaf as CEO. Looking ahead, Bath & Body Works reaffirmed its full-year guidance of 1% to 3% sales growth and EPS of $3.25 to $3.60, inclusive of current tariff assumptions.

Key Takeaways

  • Positive customer response to fragrance innovation drove net sales growth
  • U.S. and Canada store channel up 4.3%, outperforming e-commerce
  • International sales grew 10.1% year-over-year
  • Predominantly U.S.-based supply chain providing tariff insulation
  • Interest expense declined to $71 million from $82 million due to debt reduction
24/7 Wall St

BBWI YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

BBWI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 25 Q2 27

“I'm honored to join this iconic brand with a deep sense of purpose and a powerful foundation. I have already had the privilege of meeting many associates across the company, and I'm incredibly impressed by the passion, dedication, and talent across our teams. I believe we're incredibly well positioned to define and lead the home fragrance and beauty categories globally and accelerate growth.”

— Daniel Heaf, Q1 2026 Earnings Press Release