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Companies / Consumer Discretionary / Bath & Body Works, Inc.
BBWI

Bath & Body Works, Inc.

Consumer DiscretionaryRetail
Ticker BBWICOLUMBUS, OHFiscal year ends JanuaryBook value per share $-5.23Diluted shares 202.0M

Bath & Body Works, Inc. (NYSE: BBW) is a global leader in personal care and home fragrance products, operating through company-owned stores and international franchise and wholesale partnerships. The company's website is www.bbwinc.com. From the company’s description.

Fiscal year 2026 · ends 01-30Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-08-01
Sales & profitability
$7.29B
−0.2% year over year
Last 12 mo $7.21B
15.44%
−1.9 percentage points
Last 12 mo 16.73%
$649.00M
−18.7% year over year
Last 12 mo $781.00M
-50.66%
+7 percentage points
Last 12 mo -73.96%
Cash & financing
$1.10B
+24.4% year over year
Last 12 mo $1.27B
$865.00M
+31.1% year over year
Last 12 mo $1.03B
-3.04
Was -2.80× a year earlier
Last 12 mo -3.42
209.0M
−5.4% year over year
Last 12 mo 202.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Bath & Body Works, Inc. does

In the company’s own words

Bath & Body Works, Inc. (NYSE: BBW) is a global leader in personal care and home fragrance products, operating through company-owned stores and international franchise and wholesale partnerships. The company's website is www.bbwinc.com.

The company specializes in body care and home fragrance products formulated with carefully selected ingredients, available in multiple formats including fine fragrance mist, body cream, lotion, eau de parfum, body wash, hand soap, sanitizer, and the brand's iconic three-wick candles. Bath & Body Works has maintained a strong market presence for over 35 years, building an iconic brand with global recognition.

As of January 31, 2026, Bath & Body Works operated 1,927 company-operated stores across the United States and Canada, with 1,814 locations in the U.S. and 113 in Canada. The company has shifted its retail strategy toward off-mall locations, which represented 60 percent of the North American store fleet as of the reporting date, with a long-term target of 75 percent off-mall positioning. Additionally, the company operates 573 international stores through franchise and license arrangements across more than 45 countries, along with 34 international e-commerce sites. The company also launched on Amazon in February 2026 to expand distribution channels.

Bath & Body Works employs over 60,700 associates, with approximately 94 percent working in retail stores and the remainder in home office and distribution and fulfillment centers. The company maintains a predominantly domestic, vertically-integrated supply chain with significant manufacturing and distribution infrastructure concentrated in central Ohio.

The company's business model emphasizes an asset-light international approach where partners make investments while Bath & Body Works maintains control over assortment, pricing, promotions, store design, and real estate approval. The company operates a customer loyalty program with 40 million active members and maintains a merchandise vendor base of approximately 90 suppliers, with the five largest vendors supplying approximately 40 percent of total merchandise purchases on a combined basis.

Bath & Body Works' operations are highly seasonal, with the fourth quarter holiday season typically accounting for approximately 40 percent of net sales and representing the company's most profitable period. The company is executing a multi-year strategic transformation called the Consumer First Formula, focused on creating innovative products, reigniting brand presence, winning in the marketplace, and operating with speed and efficiency.

Company details
Sector
Consumer Discretionary
Industry
Retail
Headquarters
COLUMBUS, OH
Fiscal year end
January
CIK
701985
SIC
5990

Financial performance, year by year

Fiscal 2014–2026 · USD
$-1.73B$2.35B$6.44B$10.52B$14.60B2014201520162017201820192020202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Bath & Body Works, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

417
funds hold it
0 of 35
superinvestors hold it
$2.01B
held by funds, at market
45.6%
of shares held by funds
7
bond issues held by funds

Largest fund holders · Bath & Body Works, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.13%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD EQUITY INCOME FUND
VEIPX · VANGUARD FENWAY FUNDS
0.18%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets
FULLERTHALER BEHAVIORAL SMALL CAP EQUITY
FTHNX · Capitol Series Trust
0.54%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Bath & Body Works, Inc.’s bonds, as funds hold them

Funds report holding 7 issues of Bath & Body Works, Inc.’s debt, $923.77M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.80%, maturing 2028 to 2037.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Bath & Body Works, Inc. and its peers compare on margins and cash generation over ten years?”
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  • “What changed in Bath & Body Works, Inc.'s last four quarterly filings that the numbers alone won't show?”
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