BBWI Stock Bracing for Big Reaction as Q2 Earnings Loom

Bath & Body Works (BBWI) is set to report its Q2 earnings on August 26, and investors are bracing for a big reaction. The options market is pricing in a move of roughly 12% either up or down after the results drop.

Wall Street expects EPS of $0.24, down from $0.37 in Q2 last year, with revenue forecast at $1.5 billion. BBWI stock has been down nearly 2% year-to-date but has clawed back some ground, gaining about 8% over the past three months.

The company's post-earnings history is a mixed bag. After its last report on May 27, 2026, the stock jumped 9.70%. But go back to the November 2025 report and it dropped 24.81%. Volatility is part of the BBWI story.

Analysts will be watching closely to see if BBWI can continue its trend of missing Wall Street's revenue estimates. The company has missed these estimates multiple times over the past two years, and this quarter is expected to show a decline of about 3.4% year-over-year in revenue.