Filing Flows › Bath & Body Works (BBWI) › Q1 FY27
Bath & Body Works (BBWI) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 27, 2026
Bath & Body Works (BBWI) reported revenue of $1.4B for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -49% from the quarter before. Operating margin was 16.8%, net earnings $183M (13.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -49% | -3% |
| Gross profit | $587M | -53% | -9% |
| Operating profit | $231M | -61% | +11% |
| Net earnings | $183M | -55% | +74% |
| Operating cash flow | $244M | -72% | +30% |
| Free cash flow | $195M | -76% | +29% |
What changed
Revenue was $1.4B in Q1 FY27, down 3% year over year and down 49% from the previous quarter.
Gross margin was 42.6%, down 2.8 points from Q1 FY26. Operating profit was $0.23B, a 16.8% margin (up 2.1 points year over year). Operating expenses fell 19% while revenue fell 3%. Net earnings were $0.18B, up 74% year over year. The effective tax rate was -10.2%.
Operating cash flow was $0.24B (up 30% year over year), 133% of net earnings. Non-cash charges added back $0.06B of depreciation and $0.01B of share-based compensation. Capital expenditures of $0.05B left free cash flow of $0.20B.
Questions
What was Bath & Body Works' revenue in the first quarter fiscal 2027?
Bath & Body Works (BBWI) reported revenue of $1.4B for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -49% from the quarter before.
Was Bath & Body Works profitable in the first quarter fiscal 2027?
Operating profit was $231M (16.8% of revenue) and net earnings $183M.
Source: Bath & Body Works 10-Q on SEC EDGAR.