Filing Flows › Bath & Body Works (BBWI) › Q1 FY26
Bath & Body Works (BBWI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed May 29, 2025
Bath & Body Works (BBWI) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and -49% from the quarter before. Operating margin was 14.7%, net earnings $105M (7.4% of revenue).
Bath & Body Works, Q1 FY26: revenue $1.4B (+3% year over year), operating margin 14.7%, net earnings $105M, operating cash flow $188M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -49% | +3% |
| Gross profit | $646M | -50% | +7% |
| Operating profit | $209M | -69% | +12% |
| Net earnings | $105M | -77% | +21% |
| Operating cash flow | $188M | -80% | +147% |
| Free cash flow | $151M | -83% | +403% |
What changed
Revenue was $1.4B in Q1 FY26, up 3% year over year and down 49% from the previous quarter.
Gross margin was 45.4%, up 1.6 points from a year earlier. Operating profit was $0.21B, a 14.7% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 14% margin then. Operating expenses grew 4% against revenue growth of 3%. Net earnings were $0.10B, up 21% year over year. The effective tax rate was 28.1%.
Operating cash flow was $0.19B (up 147% year over year), 179% of net earnings. Non-cash charges added back $0.06B of depreciation and $0.01B of share-based compensation. Capital expenditures of $0.04B left free cash flow of $0.15B.
Questions
What was Bath & Body Works' revenue in the first quarter fiscal 2026?
Bath & Body Works (BBWI) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and -49% from the quarter before.
Was Bath & Body Works profitable in the first quarter fiscal 2026?
Operating profit was $209M (14.7% of revenue) and net earnings $105M.
Source: Bath & Body Works 10-Q on SEC EDGAR.