BBWI Bath & Body Works (BBWI) Q1 FY27 earnings call
Bath & Body Works is executing its multi-year consumer-first formula transformation, with Q1 FY27 results ahead of expectations but still reflecting underlying business pressures. Early proof points in product innovation and expanded distribution channels are emerging, reinforcing confidence in the strategy. The company is focused on rebuilding product superiority, modernizing the brand, and expanding marketplace access to drive sustainable, long-term growth.
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BBWI operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | This call Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| New stores opened North America | 21In the quarter, we opened 21 new North American stores, all off-mall and closed 28 stores, primarily in malls.Source: earnings call transcript | 13And in the quarter, we opened 13 new North American stores, all off-mall; and closed 17 stores, primarily in malls.Source: earnings call transcript | — | -38.1% |
| Stores closed North America | 28In the quarter, we opened 21 new North American stores, all off-mall and closed 28 stores, primarily in malls.Source: earnings call transcript | 17And in the quarter, we opened 13 new North American stores, all off-mall; and closed 17 stores, primarily in malls.Source: earnings call transcript | — | -39.3% |
| New stores opened International | 36International partners opened 36 stores and closed 7 stores in Q4 with 44 net new stores in the year.Source: earnings call transcript | 8International partners opened 8 stores and closed 2 stores in the first quarter.Source: earnings call transcript | 17International partners opened 17 stores.Source: earnings call transcript | +112.5% |
| Stores closed International | 7International partners opened 36 stores and closed 7 stores in Q4 with 44 net new stores in the year.Source: earnings call transcript | 2International partners opened 8 stores and closed 2 stores in the first quarter.Source: earnings call transcript | — | -71.4% |
| Stores International | 573We ended the year with 573 international locations.Source: earnings call transcript | 579We ended the quarter with 579 international locations.Source: earnings call transcript | 596We ended the quarter with 1,937 North American company-owned stores with approximately 60% of our fleet in off-mall locations and 596 international locations.Source: earnings call transcript | +2.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.