Q3 26 EPS
$0.35
MISS 11.88%
Est. $0.40
Q3 26 Revenue
$1.59B
MISS 2.37%
Est. $1.63B
vs S&P Since Q3 26
+17.3%
BEATING MARKET
BBWI +31.8% vs S&P +14.6%
Market Reaction
Did BBWI Beat Earnings? Q3 2026 Results
Bath & Body Works delivered a bruising third quarter, missing on both the top and bottom lines as new CEO Daniel Heaf simultaneously unveiled a sweeping turnaround strategy to arrest the retailer's slide. Adjusted EPS came in at $0.35, falling 11.88%… Read more Bath & Body Works delivered a bruising third quarter, missing on both the top and bottom lines as new CEO Daniel Heaf simultaneously unveiled a sweeping turnaround strategy to arrest the retailer's slide. Adjusted EPS came in at $0.35, falling 11.88% short of the $0.40 consensus estimate, while net sales slipped 1.0% year-over-year to $1.59 billion, trailing the $1.63 billion analysts had expected. The weakness was concentrated in the digital channel, where U.S. And Canadian direct sales dropped 7.0% to $299.00 million, even as international franchise revenue rose 6.1% to $73.00 million. Heaf's "Consumer First Formula" centers on product innovation, brand revitalization, wholesale expansion, and $250.00 million in cost savings over two years, but the plan could not prevent a sharp guidance cut; full-year 2025 net sales are now expected to post a low single-digit decline versus $7.31 billion in fiscal 2024, with adjusted EPS of at least $2.87. Shares plunged following the report, drawing scrutiny from securities law firms investigating potential investor losses.
Key Takeaways
- • Negative macro consumer sentiment weighing on purchase intent
- • Direct - U.S. and Canada channel declined 7.0% year-over-year
- • International segment grew 6.1% year-over-year
- • Stores - U.S. and Canada essentially flat at 0.2% growth
- • Tariff impacts factored into outlook
BBWI YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
BBWI Revenue by Segment
With YoY comparisons, source: SEC Filings
“Today, we are excited to announce a comprehensive transformation plan to revitalize Bath & Body Works across brand, product, and marketplace. This plan, the Consumer First Formula, focuses our investments in our four largest revenue driving opportunities - creating disruptive and innovative product, reigniting our brand, winning in the marketplace, and operating with speed and efficiency. These initiatives aim to attract new, younger consumers to the brand and unlock our next era of growth.”
— Daniel Heaf, Q3 2026 Earnings Press Release
BBWI Earnings Trends
BBWI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BBWI EPS Trend
Earnings per share: estimate vs actual
BBWI Revenue Trend
Quarterly revenue: estimate vs actual
BBWI Quarterly Results
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 27 BEAT | $0.29 | $0.32 | +10.00% | $1.38B | +1.31% |
| Q1 27 BEAT | $0.29 | $0.32 | +10.00% | $1.38B | +1.31% |
| Q4 26 BEAT FY | $1.77 | $2.05 | +15.80% | $2.72B | +4.23% |
| FY Full Year | $2.95 | $3.21 | +8.70% | $7.29B | +1.55% |
| Q3 26 MISS | $0.40 | $0.35 | -11.88% | $1.59B | -2.37% |
| Q2 26 MISS | $0.38 | $0.37 | -1.88% | $1.55B | -0.37% |
| Q1 26 BEAT | $0.47 | $0.49 | +3.99% | $1.42B | -0.02% |
| Q4 25 BEAT FY | $2.04 | $2.09 | +2.23% | $2.79B | +0.42% |
| FY Full Year | — | $3.61 | — | $7.31B | — |