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Bath & Body Works (BBWI) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 19, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.24

Last Year’s EPS

0.37

Same Quarter Last Year

Analyst Consensus

Hold

Based on 9 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 27, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

Balanced call: management reported an EPS beat and early product and channel proof points (double-digit productivity on new formulas, Amazon traction, White Barn growth) and reaffirmed full-year guidance, while the top line and core category (body care) remain pressured with margin headwinds from tariffs, inflation and crude oil. The company is executing a multiyear transformation (consumer-first formula) with planned investments, inventory discipline and cost-savings, but meaningful financial inflection is expected later in the transformation rather than immediately.

Company Guidance

Bath & Body Works reaffirmed full‑year 2026 guidance with net sales expected to be down 4.5% to 2.5% and adjusted EPS of $2.40–$2.65, reiterating a full‑year gross margin target of ~42.4% and assuming tariffs/inflation roughly neutral year‑over‑year (tariffs were ~ $80M in FY25); the guidance excludes share repurchases, assumes elevated energy prices and does not assume any tariff refunds. For Q2 the company expects net sales down 5%–3%, gross profit rate ≈40%, SG&A rate ≈31.8%, net non‑operating expense ≈$56M, a tax rate ≈29.3%, weighted average diluted shares ≈203M and EPS of $0.20–$0.25. Additional 2026 metrics cited include ~ $270M of capital expenditures, ~ $600M of free cash flow (including a $66M after‑tax interchange settlement benefit recognized in Q1), Q1 inventory down 10% year‑over‑year, and ongoing increased transformation investments (with greater product and marketing spend expected in Q3).

Net Sales and EPS Beat Expectations in Q1

Q1 net sales of $1.4 billion, down 3.2% YoY, were reported as ahead of the company’s guidance range; adjusted EPS was $0.32, slightly ahead of expectations.

Reaffirmed Full-Year Guidance

Company reaffirmed FY26 guidance: net sales down 4.5% to down 2.5% and adjusted EPS $2.40 to $2.65, signaling management confidence in the plan despite near-term pressure.

Early Product Innovation Proof Points

New moisturizing and revitalizing product launches delivered strong consumer acceptance: AUR and SKU productivity for the new formulas were both up double digits and productivity is sustaining into replenishment cycles.

White Barn Neutrals and Category Wins

White Barn Neutrals collection grew ~20% year-over-year (noted as Q2 vs prior year), attracted a younger consumer, and represented a successful example of modernized storytelling and elevated creative execution.

Amazon Launch Driving New Customers

Amazon launch (Feb) showing consistent double-digit week-over-week growth; attracting new-to-brand consumers who skew younger and more affluent; 94 SKUs live on Amazon (~7% of in-store assortment) with higher AURs versus owned channels.

Strong Financial Position and Capital Allocation

Expected free cash flow of ~$600 million in 2026 (includes $66 million after-tax settlement benefit recognized in Q1); Q1 CapEx $49 million; returned $40 million to shareholders via dividends; redeemed $284 million of January 2027 notes.

Inventory Discipline and Real Estate Footprint

Ending inventory down ~10% YoY; global fleet ~2,500 doors remains a competitive advantage with 60% of fleet off-mall; opened 13 North American off-mall stores and closed 17 (primarily malls); 579 international locations at quarter-end.

Cost Discipline and Fuel for Growth Savings

Adjusted SG&A dollars were flat YoY with an SG&A rate of 31.7% (better than expected) due to incremental cost savings and timing despite investments in the consumer-first formula.

Bath & Body Works (BBWI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BBWI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 19, 2026	2026 (Q2)	0.24 / -	0.37	―	―	―
May 27, 2026	2026 (Q1)	0.29 / 0.32	0.49	-34.69% (-0.17)
Mar 04, 2026	2025 (Q4)	1.80 / 2.05	2.09	-1.91% (-0.04)
Nov 20, 2025	2025 (Q3)	0.38 / 0.35	0.49	-28.57% (-0.14)
Aug 28, 2025	2025 (Q2)	0.38 / 0.37	0.37	0.00% (0.00)
May 29, 2025	2025 (Q1)	0.42 / 0.49	0.38	28.95% (+0.11)
Feb 27, 2025	2024 (Q4)	2.04 / 2.09	2.06	1.46% (+0.03)
Nov 25, 2024	2024 (Q3)	0.47 / 0.49	0.48	2.08% (+0.01)
Aug 28, 2024	2024 (Q2)	0.36 / 0.37	0.4	-7.50% (-0.03)
Jun 04, 2024	2024 (Q1)	0.33 / 0.38	0.33	15.15% (+0.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BBWI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 27, 2026	$17.53	$19.23	+9.70%
Mar 04, 2026	$22.18	$22.75	+2.59%
Nov 20, 2025	$20.37	$15.32	-24.81%
Aug 28, 2025	$30.54	$28.43	-6.91%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.