Bath & Body Works, Inc.

Listed Company

BBWICIK 0000701985NYSELarge AcceleratedRetail-Retail Stores, NecDelawareFY ends Jan 30

Period

FY 2026

Revenue

$7.29B

Net Income

$649.00M

Total Assets

$5.07B

Equity

$-1.28B

Shares Out

201.13M

Op. Cash Flow

$1.10B

Business

Bath & Body Works, Inc. is a specialty retailer that designs, sources and sells fragrance-driven personal care and home fragrance products and delivers branded customer experiences. It offers home fragrance, body care, soap and sanitizer products under Bath & Body Works, White Barn and other brands, including candles, diffusers, fine fragrance mists, liquid hand soaps, body lotions and creams. The company operates through company-operated stores, direct e-commerce channels and an international partner-based franchise, license and wholesale model. Its products are distributed primarily across North America and through partner-operated stores and e-commerce sites in more than forty countries.

Summary from filing dated 2025-03-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net Sales	7,291	7,307	7,429	7,560	7,882
Costs of Goods Sold, Buying and Occupancy	−4,102	−4,073	−4,193	−4,305	−4,027
Gross Profit	3,189	3,234	3,236	3,255	3,855
General, Administrative and Store Operating Expenses	−2,063	−1,968	−1,951	−1,879	−1,846
Operating Income	1,126	1,266	1,285	1,376	2,009
Interest Expense	−276	−312	−345	−348	−388
Other Income, Net	32	74	81	17	−198
Income Before Income Taxes	882	1,028	1,021	1,045	1,423
Provision for Income Taxes	−233	−230	−143	251	348
Net Income	649	798	878	800	1,333
Net Income Per Basic Share (in USD per share)	3.12	3.62	3.86	3.45	4.96
Net Income Per Diluted Share (in USD per share)	3.11	3.61	3.84	3.43	4.88

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and Cash Equivalents	953	674	1,084	1,232	1,979
Accounts Receivable, Net	180	205	224	226	240
Inventories	699	734	710	709	709
Easton Assets Held for Sale	81	96	0	—	0
Other	106	114	97	99	81
Total Current Assets	2,019	1,823	2,115	2,266	3,009
Property and Equipment, Net	1,127	1,127	1,220	1,193	1,009
Operating Lease Assets	941	949	1,056	1,050	1,021
Goodwill	628	628	628	628	628
Trade Name	165	165	165	165	165
Deferred Income Taxes	112	130	144	37	45
Other Assets	77	50	135	155	149
Total Assets	5,069	4,872	5,463	5,494	6,026
Accounts Payable	465	338	380	455	435
Accrued Expenses and Other	579	584	608	673	651
Current Debt	280	0	—	—	—
Current Operating Lease Liabilities	195	192	181	177	170
Income Taxes	72	117	120	74	34
Total Current Liabilities	1,591	1,231	1,289	1,379	1,290
Deferred Income Taxes	65	24	147	168	157
Long-term Debt	3,612	3,884	4,388	4,862	4,854
Long-term Operating Lease Liabilities	867	883	1,004	1,014	989
Other Long-term Liabilities	213	233	261	276	253
Preferred Stock$1.00 par value; 10 shares authorized; none issued	0	0	0	0	0
Common Stock$0.50 par value; 1,000 shares authorized; 216 and 231 shares issued; 201 and 216 shares outstanding, respectively	108	115	120	122	134
Paid-in Capital	794	829	838	817	893
Accumulated Other Comprehensive Income	74	71	75	78	80
Retained Earnings (Accumulated Deficit)	−1,435	−1,578	−1,838	−2,401	−1,803
Less: Treasury Stock, at Average Cost; 15 and 15 shares, respectively	−822	−822	−822	−822	−822
Total Shareholders Equity (Deficit)	−1,281	−1,385	−1,627	−2,206	−1,518
Noncontrolling Interest	2	2	1	1	1
Total Equity (Deficit)	−1,279	−1,383	−1,626	−2,205	−1,517
Total Liabilities and Equity (Deficit)	5,069	4,872	5,463	5,494	6,026

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation of Long-lived Assets	254	282	269	221	363
Share-based Compensation Expense	31	40	43	38	46
Gain on Sale of Non-core Asset	−8	0	0	—	—
Gain on Sales of Easton Investments	0	−39	0	0	—
Loss on extinguishment of debt	0	10	−34	0	195
Deferred Income Taxes	63	−112	−128	17	45
Impairment of Equity Method Investment	0	0	8	0	0
Accounts Receivable	25	18	2	11	−64
Inventories	37	−26	−2	0	−177
Accounts Payable, Accrued Expenses and Other	111	−50	−109	44	−86
Income Taxes Payable	−57	−23	34	39	−72
Other Assets and Liabilities	−3	−12	−7	−26	−91
Net Cash Provided by Operating Activities	1,102	886	954	1,144	1,492
Capital Expenditures	−237	−226	−298	−328	−270
Proceeds from Sale of Non-core Asset	9	0	0	—	—
Proceeds from Sales of Easton Investments, Net of Fees Paid	0	40	0	0	—
Other Investing Activities	1	24	12	0	11
Net Cash Used for Investing Activities	−227	−162	−286	−328	−259
Payments for Long-term Debt	0	−522	−447	0	−1,716
Repurchases of Common Stock	−401	−401	−148	−1,312	−1,964
Dividends Paid	−167	−177	−182	−186	−120
Payments of Finance Lease Obligations	−14	−17	−15	−9	−12
Tax Payments related to Share-based Awards	−8	−16	−11	−32	−59
Other Financing Activities	−9	1	−12	2	0
Net Cash Used for Financing Activities	−599	−1,132	−815	−1,562	−3,188
Effects of Exchange Rate Changes on Cash and Cash Equivalents	3	−2	−1	−1	1
Net Increase (Decrease) in Cash and Cash Equivalents	279	−410	−148	−747	−1,954

Filings

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