Bath & Body Works Inc. (BBWI)

Pretax margin

Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 1,021,000 980,000 940,000 971,000 1,051,000 1,261,000 1,280,000 1,568,000 1,681,000 1,942,000 2,204,000 1,698,000 981,000 -115,000 -792,000 -690,000 -218,000 536,000 772,000 859,000
Revenue (ttm) US$ in thousands 7,118,000 7,175,000 7,203,000 7,253,000 7,300,000 7,438,000 7,510,000 9,197,000 9,306,000 11,098,000 12,442,000 11,542,000 11,726,000 11,614,000 11,357,000 9,078,000 10,053,000 10,198,000 10,296,000 13,240,000
Pretax margin 14.34% 13.66% 13.05% 13.39% 14.40% 16.95% 17.04% 17.05% 18.06% 17.50% 17.71% 14.71% 8.37% -0.99% -6.97% -7.60% -2.17% 5.26% 7.50% 6.49%

February 3, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,021,000K ÷ $7,118,000K
= 14.34%

The pretax margin of Bath & Body Works Inc. has shown some fluctuations over the past several periods, ranging from negative figures to double-digit percentages.

In recent periods, the pretax margin has been relatively stable, with figures around 13% to 18%. This indicates that the company has been able to generate a reasonable level of operating income before accounting for taxes.

The highest pretax margin was observed in January 2022 at 18.06%, while the lowest margin was in August 2020 at -7.60%. It is important to note that negative pretax margins indicate that the company's expenses exceeded its earnings before tax.

Overall, the pretax margin trend suggests Bath & Body Works Inc. has had varying levels of profitability over the analyzed periods, highlighting the importance of closely monitoring and managing operating costs to maintain healthy financial performance.


Peer comparison

Feb 3, 2024

Company name
Symbol
Pretax margin
Bath & Body Works Inc.
BBWI
14.34%
Victoria's Secret & Co
VSCO
2.32%