Company research
Bath & Body Works, Inc.
CIK 701985Updated Sep 24, 2026
SecurityBBWI · NYSE · equity
Name history
L Brands, Inc. · through Jul 30, 2021LIMITED BRANDS INC · through Mar 22, 2013LIMITED INC · through Jun 12, 2002
BBWI price & chart
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NYSE:BBWI on TradingView ↗About the company
Home of America’s Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including top-selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Powered by agility and innovation, the Company’s predominantly U.S.-based supply chain enables the Company to deliver quality, on-trend luxuries at affordable prices. Bath & Body Works serves and delights customers however and wherever they want to shop, from welcoming, in-store experiences at 1,895 Company-operated Bath & Body Works locations in the U.S. and Canada and 529 international franchised locations to an online storefront at bathandbodyworks.com (as of February 1, 2025).
In the news
Bath & Body Works to Report Second Quarter Results on August 26, 2026 ↗
BBWI Investors Have Opportunity to Lead Bath & Body Works, Inc. Securities Fraud Lawsuit with the Schall Law Firm ↗
Bath & Body Works, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - BBWI ↗
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
SCHEDULE 13G/A filing
Regulation FD Disclosure
Items 7.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,872,000,000Source | 5,463,000,000Source | 5,494,000,000Source | 6,026,000,000Source |
| Property, Plant and Equipment, NetUSD | 1,127,000,000Source | 1,220,000,000Source | 1,193,000,000Source | 1,009,000,000Source |
| GoodwillUSD | 628,000,000Source | 628,000,000Source | 628,000,000Source | 628,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 674,000,000Source | 1,084,000,000Source | 1,232,000,000Source | 1,979,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 205,000,000Source | 224,000,000Source | 226,000,000Source | 240,000,000Source |
| Inventory, NetUSD | 734,000,000Source | 710,000,000Source | 709,000,000Source | 709,000,000Source |
| Assets, CurrentUSD | 1,823,000,000Source | 2,115,000,000Source | 2,266,000,000Source | 3,009,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 949,000,000Source | 1,056,000,000Source | 1,050,000,000Source | 1,021,000,000Source |
| Other Assets, NoncurrentUSD | 50,000,000Source | 135,000,000Source | 155,000,000Source | 149,000,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 115,000,000Source | 120,000,000Source | 122,000,000Source | 134,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,578,000,000Source | -1,838,000,000Source | -2,401,000,000Source | -1,803,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 71,000,000Source | 75,000,000Source | 78,000,000Source | 80,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | -1,385,000,000Source | -1,627,000,000Source | -2,206,000,000Source | -1,518,000,000Source |
| Additional Paid in Capital, Common StockUSD | 829,000,000Source | 838,000,000Source | 817,000,000Source | 893,000,000Source |
| Liabilities and EquityUSD | 4,872,000,000Source | 5,463,000,000Source | 5,494,000,000Source | 6,026,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,231,000,000Source | 1,289,000,000Source | 1,379,000,000Source | 1,290,000,000Source |
| Operating Lease, Liability, CurrentUSD | 192,000,000Source | 181,000,000Source | 177,000,000Source | 170,000,000Source |
| Accounts Payable, CurrentUSD | 338,000,000Source | 380,000,000Source | 455,000,000Source | 435,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 883,000,000Source | 1,004,000,000Source | 1,014,000,000Source | 989,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 24,000,000Source | 147,000,000Source | 168,000,000Source | 157,000,000Source |
| Other Liabilities, NoncurrentUSD | 233,000,000Source | 261,000,000Source | 276,000,000Source | 253,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 2,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 81,000,000Source | 84,000,000Source | 79,000,000Source | 64,000,000Source |
| Accrued Liabilities, CurrentUSD | 584,000,000Source | 608,000,000Source | 673,000,000Source | 651,000,000Source |
| Deferred Tax Liabilities, NetUSD | — | 3,000,000Source | 131,000,000Source | 112,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,884,000,000Source | 4,388,000,000Source | 4,862,000,000Source | 4,854,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 40,000,000Source | 43,000,000Source | 38,000,000Source | 46,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -18,000,000Source | -2,000,000Source | -11,000,000Source | 64,000,000Source |
| Increase (Decrease) in InventoriesUSD | 26,000,000Source | 2,000,000Source | 0Source | 177,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -113,000,000Source | -127,000,000Source | 15,000,000Source | 42,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 886,000,000Source | 954,000,000Source | 1,144,000,000Source | 1,492,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -162,000,000Source | -286,000,000Source | -328,000,000Source | -259,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -24,000,000Source | -12,000,000Source | 0Source | -11,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 226,000,000Source | 298,000,000Source | 328,000,000Source | 270,000,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 16,000,000Source | 11,000,000Source | 32,000,000Source | 59,000,000Source |
| Payments for Repurchase of Common StockUSD | 401,000,000Source | 148,000,000Source | 1,312,000,000Source | 1,964,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,132,000,000Source | -815,000,000Source | -1,562,000,000Source | -3,188,000,000Source |
| Dividends paid | — | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 1,000,000Source | -9,000,000Source | -4,000,000Source | 0Source |
| Repayments of Long-term DebtUSD | 522,000,000Source | 447,000,000Source | 0Source | 1,716,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -410,000,000Source | -148,000,000Source | -747,000,000Source | -1,954,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 674,000,000Source | 1,084,000,000Source | 1,232,000,000Source | 1,979,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 351,000,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 40,000,000Source | 43,000,000Source | 38,000,000Source | 31,000,000Source |
| DepreciationUSD | 282,000,000Source | 269,000,000Source | 221,000,000Source | 363,000,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 0Source | 8,000,000Source | 0Source | — |
| Gain (Loss) on Disposition of Other AssetsUSD | 0Source | — | — | — |
| Gain (Loss) on Termination of LeaseUSD | — | — | — | 0Source |
| Gain (Loss) on Extinguishment of DebtUSD | -10,000,000Source | 34,000,000Source | 0Source | -195,000,000Source |
| GoodwillUSD | 628,000,000Source | 628,000,000Source | 628,000,000Source | 628,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | 878,000,000Source | 794,000,000Source | 1,075,000,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | 0Source | 6,000,000Source | 258,000,000Source |
| Income Tax Expense (Benefit)USD | 230,000,000Source | 143,000,000Source | 251,000,000Source | 348,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 798,000,000Source | 878,000,000Source | 800,000,000Source | 1,333,000,000Source |
| Other Nonoperating Income (Expense)USD | 74,000,000Source | 81,000,000Source | 17,000,000Source | -198,000,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | 6,000,000Source | 83,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 7,307,000,000Source | 7,429,000,000Source | 7,560,000,000Source | 7,882,000,000Source |
| Cost of RevenueUSD | 4,073,000,000Source | 4,193,000,000Source | 4,305,000,000Source | 4,027,000,000Source |
| Selling, General and Administrative ExpenseUSD | 1,968,000,000Source | 1,951,000,000Source | 1,879,000,000Source | 1,846,000,000Source |
| Operating Income (Loss)USD | 1,266,000,000Source | 1,285,000,000Source | 1,376,000,000Source | 2,009,000,000Source |
| Other Nonoperating Income (Expense)USD | 74,000,000Source | 81,000,000Source | 17,000,000Source | -198,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,028,000,000Source | 1,021,000,000Source | 1,045,000,000Source | 1,423,000,000Source |
| Income Tax Expense (Benefit)USD | 230,000,000Source | 143,000,000Source | 251,000,000Source | 348,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 798,000,000Source | 878,000,000Source | 800,000,000Source | 1,333,000,000Source |
| Earnings Per Share, BasicUSD per share | 3.62Source | 3.86Source | 3.45Source | 4.96Source |
| Earnings Per Share, DilutedUSD per share | 3.61Source | 3.84Source | 3.43Source | 4.88Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 220,000,000Source | 228,000,000Source | 232,000,000Source | 269,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 221,000,000Source | 229,000,000Source | 233,000,000Source | 273,000,000Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.8Source | 0.8Source | 0.8Source | 0.45Source |
| Current Income Tax Expense (Benefit)USD | 343,000,000Source | 270,000,000Source | 236,000,000Source | 306,000,000Source |
| Gross ProfitUSD | 3,234,000,000Source | 3,236,000,000Source | 3,255,000,000Source | 3,855,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | 878,000,000Source | 794,000,000Source | 1,075,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 962,000,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | 3.86Source | 3.43Source | 4Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | 3.84Source | 3.4Source | 3.94Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | 0Source | 6,000,000Source | 258,000,000Source |
| Interest ExpenseUSD | 312,000,000Source | 345,000,000Source | 348,000,000Source | 388,000,000Source |
Filing attachments
d910619dex991.htm · 8-K · 2025-05-19
EX-99.1 2 d910619dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Bath & Body Works Appoints Daniel Heaf as Chief Executive Officer Heaf Brings Proven Track Record of Driving Growth Across Iconic Global Consumer Brands Through Product, Retail, and Marketing Transformation Company Pre-Announces First Quarter 2025 Net Sales of $1.4 billion and Earnings Per Diluted Share of $0.49, Meeting the High End of Sales Guidance and Exceeding EPS Guidance; Maintains 2025 Full-Year Outlook COLUMBUS, Ohio, M…
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