BBWI Bath & Body Works (BBWI) Q2 FY26 earnings call
Bath & Body Works exceeded Q2 expectations, demonstrating early traction for its "Consumer-first formula" through digital growth and expanded distribution. While the underlying business faces ongoing pressure, particularly in store traffic and body care, management is confident in its multi-year transformation strategy. The company is focused on product innovation, brand reinvigoration, and operational efficiency to drive sustainable growth, with a stated goal of achieving revenue growth in fiscal year 2027.
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BBWI operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | Apr 2026 Q1 FY27 | This call 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.