Bath & Body Works 2026年季度报告

For the quarterly period ended May2, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromtoCommission file number 1-8344_________________________________ BATH & BODY WORKS, INC. (Exact name of registrant as specified in its charter)_______________________________ 31-1029810 (I.R.S. Employer Identification No.) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Acceleratedfiler☐Smallerreportingcompany☐Non-accelerated filer☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.):Yes☐No☒Securities registered pursuant to Section 12(b) of the Act: As of May22, 2026, the number of outstanding shares of the Registrant’s common stock was 201,561,812 shares. Table of Contents BATH & BODY WORKS, INC. ®TABLE OF CONTENTS Part I. Financial Information Item1.Financial Statements * Consolidated Statements of Income (Unaudited)3Consolidated Statements of Comprehensive Income (Unaudited)3Consolidated Balance Sheets as of May 2, 2026(Unaudited),January 31, 2026 andMay 3, 2025(Unaudited)4Consolidated Statements of Total Equity (Deficit) (Unaudited)5Consolidated Statements of Cash Flows (Unaudited)6Notes to Consolidated Financial Statements (Unaudited)7Safe Harbor Statement Under the Private Securities Litigation Reform Act of 199514Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations14Item3.Quantitative and Qualitative Disclosures About Market Risk23Item4.Controls and Procedures24Part II. Other Information25Item1.Legal Proceedings25Item1A.Risk Factors25Item2.Unregistered Sales of Equity Securities and Use of Proceeds25Item3.Defaults Upon Senior Securities25Item4.Mine Safety Disclosures25Item5.Other Information25Item6.Exhibits26Signature27 *The Company’s fiscal year ends on the Saturday nearest to January 31. As a result, “first quarter of 2026” and “first quarter of2025” refer to the thirteen-week periods ended May2, 2026 and May3, 2025, respectively. PART I—FINANCIAL INFORMATION BATH & BODY WORKS, INC.CONSOLIDATED STATEMENTS OF INCOME(in millions, except per share amounts)(Unaudited) First Quarter20262025Net Sales$1,378$1,424Costs of Goods Sold, Buying and Occupancy(791)(778)Gross Profit587646General, Administrative and Store Operating Expenses(356)(437)Operating Income231209Interest Expense(69)(71)Other Income, Net48Income Before Income Taxes166146Benefit (Provision) for Income Taxes17(41)Net Income$183$105Net Income per Basic Share$0.91$0.49Net Income per Diluted Share$0.90$0.49 BATH & BODY WORKS, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(in millions)(Unaudited) First Quarter20262025Net Income$183$105Other Comprehensive Income (Loss), Net of Tax:Foreign Currency Translation—6Unrealized Loss on Cash Flow Hedges—(3)Reclassification of Cash Flow Hedges to Earnings—(1)Total Other Comprehensive Income, Net of Tax—2Total Comprehensive Income$183$107 BATH & BODY WORKS, INC.CONSOLIDATED STATEMENTS OF TOTAL EQUITY (DEFICIT)(in millions, except per share amounts)(Unaudited) The accompanying Notes are an integral part of these Consolidated Financial Statements. BATH & BODY WORKS, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1. Description of Business and Basis of Presentation Description of Business Bath & Body Works, Inc. (the “Company”) is a global leader in personal care and home fragrance. The Company sells merchandisethrough its retail stores in the United States of America (“U.S.”) and Canada, and through its e-commerce sites and other channels. TheCompany’s international business is conducted through franchise, license and wholesale partners. Fiscal Year The Company uses the r