BBWI NYSE Russell 1000 Earnings call
Bath & Body Works, Inc. (BBWI) · Q4 2026 results and valuation
Share price: $21.72 · 2026-11-11
Results Q4 2026 vs Q3 2026 · previous quarter · published 4 Mar 2026 and 20 Nov 2025
Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
—
No financial figures for this pair
Outlook given
2 · How management spoke
Typical
Less upbeat than 56% of company calls
Answers to analysts: upbeat, in line with the script.
Similar to last call.
3 · What stood out
New
The company reported stronger pricing power behind innovation to fund strategic investments in product and brand as part of the Consumer First…
Valuation
Is Bath & Body Works, Inc. undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2026-01-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At −1.2% growth a year (3-year revenue growth), the model's fair value is $31.18 a share — the stock trades 30% below it. Today's price assumes −4.6% growth a year.
Current price
$21.72
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
-4.6% for 10 yrs
Fair value / share
$31.18
Buy below
$23.38
Price vs fair value
Undervalued 30%
Price vs buy-below price
Undervalued 7%
Read between the lines
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Guidance
Bath & Body Works expects 2026 to be a year of disciplined investment behind the Consumer First Formula, balancing rigorous cost control with targeted reinvestment to position the business for sustainable…
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Guidance
Bath & Body Works expects net sales to be down 4.5% to down 2.5%.
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Figure
The international business is approaching $1 billion in retail sales.
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q4 2026. Ring: Q3 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“We operate in innovative, youthful, fast-growing, high-margin categories that naturally attract strong interest and new entrants.”
“We are a strong cash flow generating business, and our top priority remains driving sustainable long-term profitable growth through strategic investments in the business.”
“We expect that our new product formula, upgraded packaging, stronger product claims and elevated franchise positioning will increase our appeal to new consumers, while also increasing loyalty amongst our core...”
Topics
Most discussed now
- New This performance reflects improvement as the quarter progressed following a soft start in early November, when Bath & Body Works navigated…
- New Candles were a relatively bright spot supported by stronger 3-Wick and Single-Wick acceptance, better inventory positioning and disciplined…
- New Bath & Body Works expects to see a roughly tenfold increase in how it leverages content and how it leverages content creators so...
- Bath & Body Works' fourth quarter results reinforce its diagnosis and the necessity and urgency of this plan.
- Its Q4 category performance reflects the same challenges Bath & Body Works shared in Q3.
Faded since Q3 2026
- Dropped Bath & Body Works has added tremendous talent to its team where it saw gaps and where it saw a need to improve its...
- Dropped Bath & Body Works is not pursuing a SKU rationalization target for the sake of having a target.
- Fading Bath & Body Works is an iconic American brand recognized worldwide.
- Fading Bath & Body Works is a market leader in attractive growing consumer categories.
Latest announcements
Official filings, newest first.
- Director or officer change · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Shareholder vote results · SEC 8-K
- Results of operations; Director or officer change; Regulation FD disclosure · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Director or officer change · SEC 8-K