NYSE$BBWI
Bath & Body Works Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Bath & Body Works reported slightly lower Q4 2025 sales and earnings year over year but still delivered results above its guidance as the company continues executing its Consumer First Formula transformation.
Bath & Body Works generated fourth quarter net sales of 2724000000, down slightly from the prior year, while net income declined to 403000000 and operating income decreased to 599000000. Despite the year-over-year decline, the company exceeded its internal guidance and continued executing strategic initiatives focused on brand modernization, innovation, and distribution expansion.
- Fourth quarter revenue declined slightly year over year to 2724000000.
- Net income was 403000000 compared with 453000000 in the prior year period.
- Operating income decreased to 599000000 from 678000000 a year earlier.
- Adjusted earnings per diluted share reached 2.05, exceeding company guidance.
Headline financials
Revenue & EPS history
Bath & Body Works · Revenue · Quarterly
$2.72B
Revenue by segment
Bath & Body Works · $1.38B total across 3 segments · Q1 2026
- Stores - U.S. and Canada$1.06B—77.1%
- Direct - U.S. and Canada$246M—17.9%
- International and Other$70M—5.1%
Forward guidance
Bath & Body Works expects fiscal 2026 net sales to decline modestly with earnings projected in a range around prior-year levels while the company continues executing its transformation strategy and investing in brand and distribution expansion.
Tailwinds
- Full-year 2026 EPS expected between 3.00 and 3.25.
- Adjusted EPS guidance between 2.40 and 2.65.
- Company expects to generate approximately 600000000 in free cash flow.
- Expansion into new channels including Amazon distribution.
- Ongoing brand modernization and product innovation initiatives.
Headwinds
- Full-year 2026 net sales expected to decline between 4.5% and 2.5%.
- Transformation activities continue to generate restructuring costs.
- Retail traffic and consumer demand remain uncertain.
- Operating income declined year over year in Q4.
- Earnings declined compared to the prior-year quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2025
-1.2%
Avg return
Earnings day
-1.1%
Avg return
5 days after
-3.0%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+14.7%
Q3 2024
Best reaction
-24.6%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro