Filing Flows › Bath & Body Works (BBWI) › Q1 FY27 › vs Q4 FY26
Bath & Body Works (BBWI) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Bath & Body Works's revenue fell $1.3B (-49%) from $2.7B in Q4 FY26 to $1.4B in Q1 FY27. Gross margin 42.6% against 45.7% (-3.1 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 42.6% | 45.7% | -3.1 pts |
| Operating margin | 16.8% | 22.0% | -5.2 pts |
| Net margin | 13.3% | 14.8% | -1.5 pts |
| Free cash flow margin | 14.2% | 29.9% | -15.7 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.4B | $2.7B | −$1.3B | -49% |
| Gross profit | $587M | $1.2B | −$657M | -53% |
| Cost of revenue | $791M | $1.5B | −$689M | -47% |
| Operating profit | $231M | $599M | −$368M | -61% |
| Operating expenses | $356M | $645M | −$289M | -45% |
| Pre-tax earnings | $166M | $538M | −$372M | -69% |
| Other expense, net | $65.0M | $61.0M | $4.0M | +7% |
| Income tax benefit | $17.0M | −$135M | $152M | — |
| Net earnings | $183M | $403M | −$220M | -55% |
| Depreciation | $61.0M | $63.0M | −$2.0M | -3% |
| Share-based compensation | $8.0M | $6.0M | $2.0M | +33% |
| Working capital & other | $8.0M | −$405M | $413M | — |
| Operating cash flow | $244M | $877M | −$633M | -72% |
| Free cash flow (OCF − capex) | $195M | $814M | −$619M | -76% |
| Capital expenditures | $49.0M | $63.0M | −$14.0M | -22% |
Questions
How much did Bath & Body Works's revenue grow quarter over quarter in Q1 FY27?
Bath & Body Works's revenue fell $1.3B (-49%) from $2.7B in Q4 FY26 to $1.4B in Q1 FY27. Gross margin 42.6% against 45.7% (-3.1 pts).