AcquisitionsApr 27, 2026, 04:34 PM
BBBY Completes Brand House Collective Acquisition; Q1 Net Loss Narrows
AI Summary
BED BATH & BEYOND, INC. completed the acquisition of The Brand House Collective, Inc. on April 2, 2026, gaining 100% ownership. For Q1 2026, the company reported a net loss of $16.4 million, a significant improvement from $39.9 million in Q1 2025, on net revenue of $247.8 million, up 6.9% year-over-year. Net cash used in operating activities also improved to $11.8 million from $50.9 million in the prior year.
Key Highlights
- Completed acquisition of The Brand House Collective, Inc. on April 2, 2026, achieving 100% ownership.
- Q1 2026 net revenue increased 6.9% to $247.8 million from $231.7 million year-over-year.
- Q1 2026 net loss narrowed to $16.4 million from $39.9 million in Q1 2025.
- Basic net loss per share improved to $(0.24) in Q1 2026 from $(0.74) in Q1 2025.
- Net cash used in operating activities improved to $11.8 million from $50.9 million year-over-year.
- Cash and cash equivalents were $135.8 million as of March 31, 2026.
- Total assets were $404.5 million and total liabilities were $202.0 million as of March 31, 2026.