NYSE$BBWI
Bath & Body Works Inc · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Bath & Body Works Inc reported second quarter 2026 net sales of $1.514 billion and net income of $118 million.
Net sales declined 2.3% to $1.514 billion driven by lower store transactions offset by growth in direct and international channels. Operating income rose 37% to $216 million due to IEEPA tariff refunds improving merchandise margins. Diluted EPS increased to $0.58 from $0.30 last year.
- Q2 net sales fell 2.3% year-over-year to $1.514 billion amid softer store performance.
- Operating income increased 37% to $216 million, aided by $80 million in tariff refunds.
- Direct channel grew 3% while international and other sales rose nearly 25%.
- Company continued Consumer First Formula investments with sequential improvements in body care and direct.
Headline financials
Revenue & EPS history
Bath & Body Works · Revenue · Quarterly
$1.51B
Revenue by segment
Bath & Body Works · $1.51B total across 3 segments · Q2 2026
- Stores - U.S. and Canada$1.13B—74.7%
- Direct - U.S. and Canada$275M—18.2%
- International and Other$108M—7.1%
Forward guidance
Company remains focused on Consumer First Formula execution and expects continued investments in brand, product and marketplace initiatives.
Tailwinds
- Sequential improvement in body care category
- Return to growth in direct channel
- Expanded distribution through Ulta and Amazon
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
-1.1%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-3.0%
Avg return
30 days after
41%
27 / 66 earnings
Positive
+14.7%
Q3 2024
Best reaction
-24.6%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +9.5% | +4.9% | — | |
| Q4 2025 | +2.5% | -3.6% | -17.2% | |
| Q3 2025 | -24.6% | -19.7% | -5.9% | |
| Q2 2025 | -7.0% | -6.3% | -15.5% | |
| Q1 2025 | -6.2% | -10.9% | -1.4% | |
| Q4 2024 | -12.7% | -16.6% | -24.7% | |
| Q3 2024 | +14.7% | +18.0% | +27.3% | |
| Q3 2023 | +0.3% | +9.7% | +25.7% | |
| Q2 2024 | -10.7% | -11.4% | -6.7% | |
| Q1 2024 | -8.9% | -11.5% | -27.2% | |
| Q1 2023 | -5.5% | -0.9% | +9.3% | |
| Q4 2023 | -0.3% | -2.0% | +4.7% | |
| Q3 2022 | +1.8% | +11.7% | +11.8% | |
| Q2 2023 | -1.0% | +2.6% | -5.2% | |
| Q4 2022 | -1.2% | -0.9% | +2.7% | |
| Q2 2022 | -2.9% | -0.0% | -15.1% | |
| Q1 2022 | -3.7% | -4.8% | -29.5% | |
| Q4 2021 | +1.2% | +0.2% | +7.1% | |
| Q3 2021 | -0.5% | +2.5% | -6.3% | |
| Q2 2021 | -1.0% | -1.9% | -3.4% | |
| Q1 2021 | -3.6% | -3.5% | +8.6% | |
| Q4 2020 | -0.2% | -4.8% | +11.1% | |
| Q3 2020 | +4.9% | +8.4% | -3.0% | |
| Q2 2020 | -3.6% | -7.5% | +6.0% | |
| Q1 2020 | +6.3% | +14.9% | -10.1% | |
| Q4 2019 | -8.3% | -4.5% | -60.2% | |
| Q3 2019 | -3.8% | -4.3% | +4.4% | |
| Q2 2019 | +6.3% | +10.9% | +9.8% | |
| Q1 2019 | +4.0% | -0.4% | +19.8% | |
| Q4 2018 | -1.9% | +2.0% | -7.9% | |
| Q3 2018 | -2.8% | -7.4% | -23.0% | |
| Q2 2018 | +4.4% | +5.8% | +7.2% | |
| Q1 2018 | -0.3% | -1.5% | -1.1% | |
| Q4 2017 | -1.3% | -1.8% | -10.4% | |
| Q3 2017 | +1.9% | -1.5% | +7.4% | |
| Q2 2017 | +1.3% | +3.3% | +14.9% | |
| Q1 2017 | -1.8% | -3.1% | +2.0% | |
| Q4 2016 | +1.0% | -4.2% | -5.0% | |
| Q3 2016 | -0.4% | +3.3% | -8.9% | |
| Q2 2016 | -2.0% | -1.2% | -5.4% | |
| Q1 2016 | -1.3% | -2.2% | -5.3% | |
| Q4 2015 | +0.0% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | +3.8% | — | — | |
| Q1 2015 | -3.5% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -0.5% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | +1.2% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2012 | -0.1% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | -4.7% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q2 2011 | -3.2% | — | — | |
| Q1 2011 | -4.4% | — | — | |
| Q4 2010 | +2.8% | — | — | |
| Q3 2010 | -8.8% | — | — | |
| Q2 2010 | -4.1% | — | — | |
| Q1 2010 | -4.8% | — | — | |
| Q4 2009 | +1.8% | — | — |
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