Bath & Body Works (BBWI) Gross Margin (2009 - 2026)
Bath & Body Works (BBWI) posted quarterly Gross Margin of 45.67% for Q1 2026, down 101.0% year-over-year from 4566.81% in Q1 2025, and up 10.63% quarter-over-quarter from 41.28% in Q4 2025.
Bath & Body Works (BBWI) Gross Margin (2009 - 2026) Analysis & Trends
Bath & Body Works (BBWI) has reported Gross Margin for 18 consecutive years, with 45.67% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 101.0% year-over-year to 45.67%; the TTM figure through Jan 2026 stood at 43.73% (down 52.0% YoY), while the FY2026 annual figure was 43.74%, down 52.0% from the prior year.
- Gross Margin grew to 45.67% in Q1 2026 per BBWI's latest filing, from 41.28% in the prior quarter.
- Across five years, Gross Margin topped out at 47.77% in Q1 2022 and bottomed at 39.9% in Q3 2023.
- Historically, Gross Margin has averaged 43.59% across 5 years, with a median of 43.48% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 780 bps — and 2024, when it surged 265 bps.
- Bath & Body Works' Gross Margin stood at 42.27% in 2022, then gained by 3 bps to 43.66% in 2023, then slipped by 0 bps to 43.48% in 2024, then decreased by 5 bps to 41.28% in 2025, then advanced by 11 bps to 45.67% in 2026.
- Business Quant data shows BBWI's Gross Margin at 45.67% in Q1 2026, 41.28% in Q4 2025, and 41.32% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.70 Bn | 30.18 Bn | 1.08 Bn | 23.63% |
| 2 | Williams Sonoma | 28.62 Bn | 27.60 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 22.58 Bn | 22.36 Bn | 1.27 Bn | 40.07% |
| 4 | Tractor Supply | 18.35 Bn | 18.12 Bn | 1.68 Bn | 37.05% |
| 5 | Best Buy | 18.03 Bn | 16.28 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 15.93 Bn | 14.93 Bn | 1.68 Bn | 32.59% |
| 7 | Five Below | 13.08 Bn | 11.97 Bn | 478.64 Mn | 37.23% |
| 8 | Murphy USA | 10.51 Bn | 10.33 Bn | 746.50 Mn | 10.97% |
| 9 | Bath & Body Works | 4.08 Bn | 3.13 Bn | 1.24 Bn | 45.67% |
| 10 | MINISO Group Holding | 3.42 Bn | 2.45 Bn | 414.86 Mn | 46.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 45.67% |
| Nov 1, 2025 | 41.28% |
| Aug 2, 2025 | 41.32% |
| May 3, 2025 | 45.37% |
| Feb 1, 2025 | 46.68% |
| Nov 2, 2024 | 43.48% |
| Aug 3, 2024 | 41.02% |
| May 4, 2024 | 43.79% |
| Feb 3, 2024 | 45.91% |
| Oct 28, 2023 | 43.66% |
| Jul 29, 2023 | 39.90% |
| Apr 29, 2023 | 42.69% |
| Jan 28, 2023 | 43.27% |
| Oct 29, 2022 | 42.27% |
| Jul 30, 2022 | 40.79% |
| Apr 30, 2022 | 46.14% |
| Jan 29, 2022 | 47.77% |
| Oct 30, 2021 | 49.91% |
| Jul 31, 2021 | 48.59% |
| May 1, 2021 | 50.48% |