Bath & Body Works, Inc. BBWI

Consumer discretionary SIC 5990 - Retail-Retail Stores, NEC NAICS Retail Trade › Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers derived NYSE

Bath & Body Works is a global leader in personal care and home fragrance, driven by the belief that everybody deserves to feel good.

For over 35 years, the brand's beloved and iconic scents have been expertly crafted for exceptional performance and a luxury fragrance experience. Formulated with thoughtfully chosen ingredients, Bath & Body Works' body care products are available in multiple forms including fine fragrance mist, body cream, lotion, eau de parfum, body wash, hand soap, sanitizer and more, and home to our famous 3-wick candles. Consumers can shop Bath & Body Works anytime and anywhere they choose, from welcoming, in-store experiences at 1,927 company-operated stores in the United States of America ("U.S") and Canada, our e-commerce sites in the U.S. and Canada, 573 international stores and 34 e-commerce sites in more than 45 other countries, as well as Amazon.

Last close 20.95 2026-10-23
Market cap $4.22B 2026-08-01 share count
52-week range 14.28 - 26.89

Valuation FY2025 figures against the last close

P/S0.6x
P/E6.7x
P/FCF4.9x
EV/EBITDA5.2x
Dividend yield4.0%
Diluted EPS3.11

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $7.29B$7.31B$7.43B$7.56B$7.88B$6.43B$5.41B$13.24B$12.63B$12.57B
Cost of revenue $4.10B$4.07B$4.19B$4.30B$4.03B$3.34B$3.02B$8.34B$7.67B$7.45B
Gross profit $3.19B$3.23B$3.24B$3.25B$3.85B$3.10B$2.39B$4.90B$4.96B$5.12B
SG&A $2.06B$1.97B$1.95B$1.88B$1.85B$1.49B$1.35B$3.56B$3.23B$3.12B
Operating income $1.13B$1.27B$1.28B$1.38B$2.01B$1.60B$1.04B$1.24B$1.73B$2.00B
Interest expense $276.0M$312.0M$345.0M$348.0M$388.0M$432.0M$370.0M$385.0M$406.0M$394.0M
Pre-tax income $882.0M$1.03B$1.02B$1.04B$1.42B$1.12B$608.0M$857.0M$1.31B$1.70B
Income tax $233.0M$230.0M$143.0M$251.0M$348.0M$257.0M$148.0M$213.0M$329.0M$538.0M
Net income $649.0M$798.0M$878.0M$800.0M$1.33B$844.0M-$366.0M$644.0M$983.0M$1.16B
EPS, basic 3.123.623.863.454.963.04-1.332.333.464.04
EPS, diluted 3.113.613.843.434.883.00-1.322.313.423.98
Shares, diluted (wtd. avg.) 209.0M221.0M229.0M233.0M273.0M281.0M278.0M279.0M287.0M291.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $953.0M$674.0M$1.08B$1.23B$1.98B$3.93B$1.50B$1.41B$1.51B$1.93B
Receivables $180.0M$205.0M$224.0M$226.0M$240.0M$148.0M$306.0M$367.0M$310.0M$294.0M
Inventory $699.0M$734.0M$710.0M$709.0M$709.0M$572.0M$1.29B$1.25B$1.24B$1.10B
Total current assets $2.02B$1.82B$2.12B$2.27B$3.01B$5.58B$3.25B$3.26B$3.29B$3.46B
Property, plant and equipment $1.13B$1.13B$1.22B$1.19B$1.01B$1.02B$2.49B$2.82B$2.89B$2.74B
Goodwill $628.0M$628.0M$628.0M$628.0M$628.0M$628.0M$628.0M$1.35B$1.35B$1.35B
Other intangibles —————————$411.0M
Total assets $5.07B$4.87B$5.46B$5.49B$6.03B$11.57B$10.12B$8.09B$8.15B$8.17B
Accounts payable $465.0M$338.0M$380.0M$455.0M$435.0M$345.0M$647.0M$711.0M$717.0M$683.0M
Short-term debt $280.0M$0———$0$61.0M$72.0M$87.0M$36.0M
Total current liabilities $1.59B$1.23B$1.29B$1.38B$1.29B$2.83B$2.37B$1.99B$2.03B$2.01B
Long-term debt $3.61B$3.88B$4.39B$4.86B$4.85B$6.37B$5.49B$5.74B$5.71B$5.70B
Retained earnings -$1.44B-$1.58B-$1.84B-$2.40B-$1.80B-$1.42B-$2.18B-$1.48B-$1.43B$205.0M
Total equity -$1.28B-$1.39B-$1.63B-$2.21B-$1.52B-$661.0M-$1.50B-$865.0M-$751.0M-$727.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.10B$886.0M$954.0M$1.14B$1.49B$2.04B$1.24B$1.38B$1.41B$1.99B
Depreciation and amortisation $254.0M$282.0M$269.0M$221.0M$363.0M$521.0M$588.0M$547.0M$524.0M$472.0M
Stock-based compensation $31.0M$40.0M$43.0M$38.0M$46.0M$50.0M$87.0M$97.0M$102.0M$96.0M
Capital expenditure $237.0M$226.0M$298.0M$328.0M$270.0M$228.0M$458.0M$629.0M$707.0M$990.0M
Investing cash flow -$227.0M-$162.0M-$286.0M-$328.0M-$259.0M-$219.0M-$480.0M-$609.0M-$698.0M-$833.0M
Financing cash flow -$599.0M-$1.13B-$815.0M-$1.56B-$3.19B$610.0M-$666.0M-$872.0M-$1.13B-$1.76B
Dividends paid $167.0M$177.0M$182.0M$186.0M$120.0M$83.0M$332.0M$666.0M$686.0M$1.27B
Buybacks $401.0M$401.0M$148.0M$1.31B$1.96B$0$0$198.0M$446.0M$435.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-017465.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 12.6B Gross profit, FY2016: 5.1B Net income, FY2016: 1.2B Revenue, FY2017: 12.6B Gross profit, FY2017: 5B Net income, FY2017: 983M Revenue, FY2018: 13.2B Gross profit, FY2018: 4.9B Net income, FY2018: 644M Revenue, FY2019: 5.4B Gross profit, FY2019: 2.4B Net income, FY2019: -366M Revenue, FY2020: 6.4B Gross profit, FY2020: 3.1B Net income, FY2020: 844M Revenue, FY2021: 7.9B Gross profit, FY2021: 3.9B Net income, FY2021: 1.3B Revenue, FY2022: 7.6B Gross profit, FY2022: 3.3B Net income, FY2022: 800M Revenue, FY2023: 7.4B Gross profit, FY2023: 3.2B Net income, FY2023: 878M Revenue, FY2024: 7.3B Gross profit, FY2024: 3.2B Net income, FY2024: 798M Revenue, FY2025: 7.3B Gross profit, FY2025: 3.2B Net income, FY2025: 649M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $12.57B $12.63B $13.24B $5.41B $6.43B $7.88B $7.56B $7.43B $7.31B $7.29B
Gross profit $5.12B $4.96B $4.90B $2.39B $3.10B $3.85B $3.25B $3.24B $3.23B $3.19B
Net income $1.16B $983.0M $644.0M -$366.0M $844.0M $1.33B $800.0M $878.0M $798.0M $649.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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