Bed Bath & Beyond Rebrands to Neighborhood Intelligence, Moves to Nasdaq
Bed Bath & Beyond, Inc. announced a significant corporate transformation, including rebranding to Neighborhood Intelligence, Inc. and transferring its common stock and warrants from the NYSE to Nasdaq under new ticker symbols NXH and BBBY WS, effective August 17, 2026. The company also reported Q2 2026 financial results, with net revenue increasing 28.0% year-over-year to $361 million, marking its second consecutive quarter of growth. Despite the revenue growth, the company posted a net loss of $39 million, up from $19 million in the prior year, partly due to acquisition-related costs. Additionally, the company plans to relocate its corporate headquarters to Nashville, Tennessee, and aims to remove over $50 million in annualized costs.
Key Highlights
- Company to change corporate name to Neighborhood Intelligence, Inc.
- Common stock and warrants to transfer listing to Nasdaq under NXH and BBBY WS.
- NYSE listing ends August 14, 2026; Nasdaq trading begins August 17, 2026.
- Q2 2026 net revenue was $361 million, an increase of 28.0% year-over-year.
- Q2 2026 net loss was $39 million, compared to a net loss of $19 million in prior year.
- Active customers increased 47% year-over-year to 6.4 million.
- Company expects to remove over $50 million of annualized cost over next twelve months.
- Corporate headquarters to relocate to Nashville, Tennessee.
Price Impact
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