| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 247.76 | 6.9% |
| Total Income | 247.76 | 6.9% |
| Expenditure | 265.96 | 4.2% |
| PBT | -16.15 | |
| Net Profit | -16.40 | 58.9% |
| OPM | -7.35% | 2.81pp |
| NPM | -6.62% | 10.60pp |
| EPS | -0.24 | 67.6% |
Bed Bath & Beyond Reports Q1 2026 Revenue Up 6.9% YoY, Net Loss Improves
28 Apr 2026 · 28 Apr, 1:40 am
Summary
Bed Bath & Beyond, Inc. reported its first quarter 2026 financial results, showcasing a significant turnaround with net revenue increasing by 6.9% year-over-year to $248 million, marking the first substantial revenue growth in 19 quarters. The company also demonstrated improved profitability, with net loss narrowing to $16 million, a $24 million improvement from the prior year, and adjusted EBITDA improving by $5 million to ($8) million. Gross profit for the quarter was $59 million, representing 23.9% of net revenue, while sales & marketing expenses were reduced by 50 basis points. Executive Chairman and CEO Marcus Lemonis highlighted that these results indicate the stabilization and rebuilding efforts are taking hold, positioning the company well for long-term shareholder value through strategic advancements, including the planned acquisition of The Container Store.
Key Highlights
- 1
Bed Bath & Beyond, Inc. reported first quarter net revenue of $248 million, marking a 6.9% increase year-over-year.
- 2
This quarter represents the first significant revenue growth in 19 quarters, signaling strong brand awareness and improved assortment and customer experience investments.
- 3
The company's net loss significantly improved by $24 million year-over-year, reaching $16 million for the first quarter.
- 4
Gross profit for the quarter was $59 million, translating to a gross margin of 23.9% of net revenue.
- 5
Adjusted EBITDA (non-GAAP) showed a $5 million improvement year-over-year, resulting in a loss of ($8) million.
- 6
Sales & Marketing expense saw a 50 basis point reduction year-over-year, settling at 13.0% of net revenue, totaling $32 million.
- 7
The company announced strategic advancements, including a planned acquisition of The Container Store, Elfa, and Closet Works.
Management Comments
Marcus Lemonis
Our first quarter results show that the work we’ve been doing to stabilize and rebuild the business is taking hold. We delivered real year-over-year revenue growth, something we haven’t seen meaningfully in several years, while continuing to take costs out of the business and operate more efficiently. That combination matters.
Marcus Lemonis
Our omnichannel retail brands remain the front door to the customer. We’re seeing better engagement, stronger conversion and improvements in average order value, which tells us the customer is responding to the investment we’ve made.
Marcus Lemonis
Our product categories and home services initiatives are the engines that drive demand. When you connect that with our digital and financial capabilities, you start to build an ecosystem that keeps the customer engaged longer and increases lifetime value. Our improving results and strategic advancements, including our most recent announcement to acquire The Container Store, Elfa and Closet Works will position us well to deliver long-term shareholder value aligned to our Everything Home 3 pillar ecosystem.
Informational and educational content only. Not investment advice.