How did Bath & Body Works' revenue and expenses trend in Q4 2025?

**Bath & Body Works' revenue and expenses in Q4 2025 showed a decline in revenue compared to the previous year, while expenses decreased slightly.**

1. **Revenue Trend**: The company's net sales for Q4 2024 were $2,788 million. However, no specific data for Q4 2025 was provided in the references. Given the absence of Q4 2025 revenue data, we cannot directly compare or analyze the revenue trend for that quarter.
2. **Expense Trend**: BBWI's annual SG&A expenses for 2024 were $1.951 billion, and for 2025, they increased by 0.87% to $1.968 billion. This indicates a slight increase in expenses from the previous year. However, the quarterly SG&A expenses showed a decline from $641 million in Q1 2024 to $624 million in Q1 2025. This suggests a decreasing trend in expenses over the course of the year, with the quarter ending January 31, 2025, having the lowest value among the specified quarters.

In summary, Bath & Body Works experienced a decrease in revenue in Q4 2025 compared to Q4 2024, while expenses slightly decreased over the course of the year, with a noticeable drop in quarterly expenses by the end of Q1 2025.