$BBWI

LIMITED INC

CIK:0000701985|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
Net Sales	$ 1,514	$ 1,549	$ 2,892	$ 2,974
Costs of Goods Sold, Buying and Occupancy	(822)	(909)	(1,613)	(1,687)
Gross Profit	692	640	1,279	1,287
General, Administrative and Store Operating Expenses	(476)	(483)	(832)	(920)
Operating Income	216	157	447	367
Interest Expense	(63)	(68)	(132)	(139)
Other Income, Net	11	6	15	13
Income Before Income Taxes	164	95	330	241
Provision for Income Taxes	(46)	(31)	(29)	(72)
Net Income	$ 118	$ 64	$ 301	$ 169
Net Income per Basic Share (in dollars per share)	$ 0.59	$ 0.31	$ 1.49	$ 0.80
Net Income per Dilutive Share (in dollars per share)	$ 0.58	$ 0.30	$ 1.49	$ 0.79

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Operating Activities:
Net Income	$ 301	$ 169
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation of Long-lived Assets	120	128
Share-based Compensation Expense	10	18
Loss on Extinguishment of Debt	8	0
Tax Benefit from Resolution of Certain Tax Matters	(62)	0
Changes in Assets and Liabilities:
Accounts Receivable	26	75
Inventories	(185)	(241)
Accounts Payable, Accrued Expenses and Other	191	157
Income Taxes Payable	(56)	(139)
Other Assets and Liabilities	(37)	(22)
Net Cash Provided by Operating Activities	316	145
Investing Activities:
Capital Expenditures	(98)	(93)
Proceeds from Sale of Non-core Asset	8	0
Other Investing Activities	1	(2)
Net Cash Used for Investing Activities	(89)	(95)
Financing Activities:
Payments for Long-term Debt	(289)	0
Repurchases of Common Stock	0	(254)
Dividends Paid	(80)	(85)
Other Financing Activities	(15)	(23)
Net Cash Used for Financing Activities	(384)	(362)
Effects of Exchange Rate Changes on Cash and Cash Equivalents	(2)	2
Net Decrease in Cash and Cash Equivalents	(159)	(310)
Cash and Cash Equivalents, Beginning of Year	953	674
Cash and Cash Equivalents, End of Period	$ 794	$ 364

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current Assets:
Cash and Cash Equivalents	$ 794	$ 953	$ 364
Accounts Receivable, Net	154	180	131
Inventories	883	699	977
Easton Assets Held for Sale	81	81	81
Other	138	106	153
Total Current Assets	2,050	2,019	1,706
Property and Equipment, Net	1,106	1,127	1,124
Operating Lease Assets	1,012	941	984
Goodwill	628	628	628
Trade Name	165	165	165
Deferred Income Taxes	108	112	133
Other Assets	87	77	74
Total Assets	5,156	5,069	4,814
Current Liabilities:
Accounts Payable	676	465	567
Accrued Expenses and Other	556	579	541
Current Debt	248	280	0
Current Operating Lease Liabilities	199	195	194
Income Taxes	28	72	1
Total Current Liabilities	1,707	1,591	1,303
Deferred Income Taxes	115	65	23
Long-term Debt	3,366	3,612	3,888
Long-term Operating Lease Liabilities	931	867	912
Other Long-term Liabilities	91	213	235
Shareholders’ Equity (Deficit):
Preferred Stock - $1.00 par value; 10 shares authorized; none issued	0	0	0
Common Stock - $0.50 par value; 1,000 shares authorized; 217, 216 and 223 shares issued; 202, 201 and 208 shares outstanding, respectively	108	108	111
Paid-in Capital	799	794	806
Accumulated Other Comprehensive Income	73	74	73
Retained Earnings (Accumulated Deficit)	(1,214)	(1,435)	(1,716)
Less: Treasury Stock, at Average Cost; 15, 15 and 15 shares, respectively	(822)	(822)	(822)
Total Shareholders’ Equity (Deficit)	(1,056)	(1,281)	(1,548)
Noncontrolling Interest	2	2	1
Total Equity (Deficit)	(1,054)	(1,279)	(1,547)
Total Liabilities and Equity (Deficit)	$ 5,156	$ 5,069	$ 4,814