Bath & Body Works reports USD 1.4B sales for Q1 FY26

UK – Bath & Body Works has announced net sales of USD 1.378 billion for Q1 FY26, down 3% from USD 1.424 billion in the first quarter of 2025.

The personal care and home fragrance retailer delivered GAAP earnings per diluted share of USD 0.90, significantly above the analyst consensus of USD 0.29, and adjusted earnings per diluted share of USD 0.32, beating the consensus of USD 0.29 by 3 cents. 

Operating income increased 10% year-over-year to USD 231 million from USD 209 million in the prior year quarter.

Net income surged 74% to USD 183 million in the first quarter of 2025, up from USD 105 million, demonstrating strong profitability despite a modest decline in sales.

Daniel Heaf, chief executive officer of Bath & Body Works, stated, “Our first-quarter results exceeded guidance, but remain below the standard our brand is capable of delivering.”

“That reality reinforces the urgency with which we are executing the Consumer First Formula.” 

The company reaffirmed its full-year 2026 guidance, maintaining its outlook for net sales to decrease between 4.5% and 2.5%, earnings per diluted share in the range of USD 3.00 to USD 3.25, and adjusted earnings per diluted share in the range of USD 2.40 to USD 2.65. 

For the second quarter of 2026, Bath & Body Works projects revenue of approximately USD 1.49 billion, which aligns closely with analysts’ estimates, while its full-year GAAP EPS guidance of an estimated USD 3.13 exceeds analyst forecasts by 20.9%. 

Following the earnings announcement, Bath & Body Works shares surged approximately 14–17% in premarket trading, reflecting positive investor sentiment toward stronger-than-anticipated quarterly results despite a 3.2% year-over-year sales decline. 

In other news, Chief Financial Officer Eva Boratto will depart from her position at Bath & Body Works effective June 12, 2026, to pursue a new professional opportunity elsewhere. 

In response, the company has launched an extensive search for her replacement, partnering with a top-tier executive search firm to identify the next CFO. Tom Javitch has been named Interim Chief Financial Officer, assuming the role immediately upon Boratto’s exit. 

Javitch brings deep institutional knowledge to the interim position, having spent over 16 years at Bath & Body Works and 25 years total at L Brands. 

Throughout his tenure, he has occupied multiple senior finance leadership positions across the organization, most recently serving as Executive Vice President of Brand Finance for Bath & Body Works.

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