Quarterly ResultApr 27, 2026, 04:34 PM
BBBY Q1 Revenue +7% to $247.8M; Net Loss $(16.4)M, EPS $(0.24)
AI Summary
Bed Bath & Beyond, Inc. reported a significant narrowing of its net loss for the first quarter ended March 31, 2026, to $(16.4) million, an improvement from $(39.9) million in the prior year. Net revenue increased 7% to $247.8 million. The company also completed the acquisition of The Brand House Collective, Inc. on April 2, 2026, and fully drew $30.0 million from its Delayed Draw Term Loan Commitments to the acquired entity. However, cash and cash equivalents saw a sequential decrease.
Key Highlights
- BBBY Q1 2026 net revenue increased 7% to $247.8 million YoY.
- Net loss significantly narrowed to $(16.4) million from $(39.9) million YoY.
- Basic and diluted EPS improved to $(0.24) from $(0.74) YoY.
- Completed acquisition of The Brand House Collective, Inc. on April 2, 2026.
- Cash and cash equivalents decreased to $135.8 million from $175.3 million QoQ.
- Net cash used in operating activities improved to $(11.8) million from $(50.9) million YoY.
- Total assets decreased to $404.5 million from $425.5 million QoQ.
- $30.0 million Delayed Draw Term Loan Commitments to The Brand House Collective fully drawn.