BBWIBath & Body Works, Inc.
Retail-Retail Stores, NEC
- Revenue
- $7.3B
- 0.2% YoY
- Operating margin
- 15.4%
- 11% YoY
- EBITDA
- $1.4B
- 11% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.2×
- $3.1B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear170% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear52% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear12% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $7.9B | $7.6B | $7.4B | $7.3B | $7.3B | 0.2% |
| Operating income | $2.0B | $1.4B | $1.3B | $1.3B | $1.1B | 11% |
| Net income | $1.3B | $800M | $878M | $798M | $649M | 19% |
| Operating cash flow | $1.5B | $1.1B | $954M | $886M | $1.1B | 24% |
| Capex | $270M | $328M | $298M | $226M | $237M | 4.9% |
| Stock-based comp | $46M | $38M | $43M | $40M | $31M | 23% |
| Buybacks | $2.0B | $1.3B | $148M | $401M | $401M | 0.0% |
| Dividends | $120M | $186M | $182M | $177M | $167M | 5.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $351K · 1
- Open-market sells, 12 mo
- $14 · 1
- Net
- $351K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 73 | 122 |
| FY2025 | — | — | 122 | 135 |
| FY2024 | — | — | 138 | 102 |
| FY2023 | — | — | 139 | 94 |
| FY2022 | — | — | 167 | 101 |