Filing Flows › Bath & Body Works (BBWI) › Q1 FY27 › vs Q1 FY26
Bath & Body Works (BBWI) Q1 FY27 vs Q1 FY26 (year over year)
Bath & Body Works's revenue fell $46.0M (-3%) from $1.4B in Q1 FY26 to $1.4B in Q1 FY27. Gross margin 42.6% against 45.4% (-2.8 pts).
Bath & Body Works, Q1 FY27: revenue $1.4B (-3% year over year), operating margin 16.8%, net earnings $183M, operating cash flow $244M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 42.6% | 45.4% | -2.8 pts |
| Operating margin | 16.8% | 14.7% | +2.1 pts |
| Net margin | 13.3% | 7.4% | +5.9 pts |
| Free cash flow margin | 14.2% | 10.6% | +3.5 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | −$46.0M | -3% |
| Gross profit | $587M | $646M | −$59.0M | -9% |
| Cost of revenue | $791M | $778M | $13.0M | +2% |
| Operating profit | $231M | $209M | $22.0M | +11% |
| Operating expenses | $356M | $437M | −$81.0M | -19% |
| Pre-tax earnings | $166M | $146M | $20.0M | +14% |
| Other expense, net | $65.0M | $63.0M | $2.0M | +3% |
| Income tax benefit | $17.0M | −$41.0M | $58.0M | — |
| Net earnings | $183M | $105M | $78.0M | +74% |
| Depreciation | $61.0M | $64.0M | −$3.0M | -5% |
| Share-based compensation | $8.0M | $10.0M | −$2.0M | -20% |
| Working capital & other | $8.0M | −$9.0M | $17.0M | — |
| Operating cash flow | $244M | $188M | $56.0M | +30% |
| Free cash flow (OCF − capex) | $195M | $151M | $44.0M | +29% |
| Capital expenditures | $49.0M | $37.0M | $12.0M | +32% |
Questions
How much did Bath & Body Works's revenue grow year over year in Q1 FY27?
Bath & Body Works's revenue fell $46.0M (-3%) from $1.4B in Q1 FY26 to $1.4B in Q1 FY27. Gross margin 42.6% against 45.4% (-2.8 pts).