| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 361.16 | 45.8% | 28.0% |
| Total Income | 361.16 | 45.8% | 28.0% |
| Expenditure | 404.04 | 51.9% | 34.6% |
| PBT | -42.01 | 160.1% | 120.8% |
| Net Profit | -39.50 | 140.8% | 104.6% |
| OPM | -11.87% | 4.53pp | 5.54pp |
| NPM | -10.94% | 4.32pp | 4.09pp |
| EPS | -0.53 | 120.8% | 55.9% |
Bed Bath & Beyond Reports Q2 2026 Revenue of $361 Million, Up 28.0% YoY
05 Aug 2026 · 5 Aug, 1:45 am
Summary
Bed Bath & Beyond reported second quarter 2026 net revenue of $361 million, a significant 28.0% increase year-over-year, marking its second consecutive quarter of revenue growth after nineteen quarters of decline. Active customers grew 47% to 6.4 million, and orders delivered surged 117% to 2.8 million. While the company reported a net loss of $39 million, which included $21 million in special items, Adjusted EBITDA was ($12) million. Management highlighted the transformation of the business is taking hold, with revenue and active customer growth combined with cost efficiencies, and anticipates removing over $50 million in annualized costs by integrating acquired businesses.
Key Highlights
- 1
Net revenue for the second quarter of 2026 was $361 million, an increase of 28.0% year-over-year, marking the Company’s second consecutive quarter of year-over-year revenue growth.
- 2
Active customers increased to 6.4 million, up 47% year-over-year, and orders delivered increased to 2.8 million, up 117% year-over-year.
- 3
Gross profit was $97 million, representing 26.8% of net revenue.
- 4
Sales & Marketing expense improved by 160 basis points year-over-year to $43 million, or 11.9% of net revenue.
- 5
Net loss for the quarter was $39 million, compared to a net loss of $19 million in the prior year period, with the current period including $21 million of special items.
- 6
Adjusted EBITDA (non-GAAP) was ($12) million, compared to ($8) million in the prior year period.
- 7
The company believes it can remove more than $50 million of annualized cost over the next twelve months as acquired businesses are brought onto one platform.
Management Comments
Marcus Lemonis
Our second quarter results show that the transformation of this business is taking hold. After eight quarters of meaningful operating improvement, we have now delivered two consecutive quarters of revenue growth following nineteen quarters in the other direction. Two quarters is not a victory and we have no intention of treating it as one, but it is hard evidence that the direction of this business has changed. We are growing revenue and active customers while continuing to take cost out of the business and operate more efficiently, and that combination matters. Our omnichannel retail brands remain the front door to the customer. We are seeing better engagement, stronger conversion, and more frequent orders per customer, which tells us the customer is responding to the investments we have made. We are acquiring capabilities and active customers while eliminating infrastructure we no longer need. As revenue ramps, we believe that over the next twelve months we can remove more than fifty million dollars of annualized cost by bringing our businesses together onto one platform, eliminating non-performing assets, consolidating disciplines and shared resources, improving the cost of our supply chain infrastructure, and eliminating or consolidating duplicative third-party services, software agreements, and locations. We would not call it cost cutting; we would call it finishing the merger.
Informational and educational content only. Not investment advice.