BED BATH & BEYOND (BBBY) Company Report

Bed Bath & Beyond, Inc. (the "Company") entered into a Merger Agreement on November 24, 2025, to acquire The Brand House Collective, Inc. ("TBHC").
Under the terms, each share of TBHC common stock will be converted into the right to receive 0.1993 shares of Company Common Stock.
The merger is subject to customary conditions, including the adoption of the Merger Agreement by TBHC’s shareholders and the Company’s registration statement on Form S-4 becoming effective, with the shares approved for listing on the New York Stock Exchange.
The parties intend for the Merger to qualify as a "reorganization" for U.S. federal income Tax purposes.

Nov 25, 2025, 2:00 PM

8-K

Bed Bath & Beyond Reports Q3 2025 Results and Outlines 2026 Growth Strategy

BBBY

Earnings

Guidance Update

New Projects/Investments

Bed Bath & Beyond reported Q3 2025 net revenue of $257 million, a 17% year-over-year decrease, or 13% excluding the impact from their exit from Canada.
The company significantly improved profitability in Q3 2025, with net loss narrowing by 93% year-over-year to $4.5 million and adjusted EBITDA loss improving 85% to $4.9 million. Gross margin increased by 420 basis points to 25.3%.
Key Q3 2025 strategic actions included raising approximately $113 million through ATF, investing $3 million in GrainChain, and acquiring Kirkland's Home intellectual property for $10 million.
For 2026, the company commits to positive revenue growth, targets a 12% marketing expense ratio, and expects $20 million in additional operating expense efficiencies. All 250 omnichannel locations are expected to be converted by mid-2026.

Oct 27, 2025, 8:30 PM

Transcript

Bed Bath & Beyond Reports Q3 2025 Results and Outlines 2026 Outlook

BBBY

Earnings

Guidance Update

New Projects/Investments

Bed Bath & Beyond reported Q3 2025 net revenue of $257 million, a 17% year-over-year decrease, but achieved a 93% improvement in net loss and an 85% improvement in adjusted EBITDA loss, which was $4.9 million.
The company's gross margin increased by 420 basis points year-over-year to 25.3%, and sales and marketing expense improved by 260 basis points to 14% of revenue.
Strategic actions included investing an additional $3 million in GrainChain, acquiring Kirkland's Home intellectual property for $10 million, and raising approximately $113 million through ATF.
For 2026, Bed Bath & Beyond expects positive year-over-year revenue growth, aims to reduce marketing expense to 12%, and identified $20 million in additional operating expense efficiencies.
The company plans to complete the conversion of all 250 omnichannel locations by mid-2026 and is integrating AI-driven strategies to improve customer experience and platform efficiency.

Oct 27, 2025, 8:30 PM

Transcript

Bed Bath & Beyond Reports Q3 2025 Results and Outlines 2026 Strategy

BBBY

Earnings

Guidance Update

New Projects/Investments

Bed Bath & Beyond reported Q3 2025 net revenue of $257 million, a 17% year-over-year decrease (or 13% excluding the impact from Canada exit), but achieved significant bottom-line improvements with a 93% reduction in net loss to $4.5 million and an 85% improvement in adjusted EBITDA loss to $4.9 million. Gross margin increased by 420 basis points to 25.3%.
The company ended the quarter with $2 million in cash, equivalents, and inventory, with an additional $1 million from ATM settlements post quarter end. During the quarter, it raised approximately $113 million through an ATM offering, invested $3 million in GrainChain, and acquired the Kirkland's Home intellectual property for $10 million.
For 2026, Bed Bath & Beyond expects positive year-over-year revenue growth and aims to achieve profitability, anticipating $20 million in additional operating expense efficiencies and targeting a 12% marketing expense ratio. The company also plans to complete the conversion of 250 omnichannel locations by mid-2026 and integrate AI-driven strategies to enhance customer experience and efficiency.

Oct 27, 2025, 8:30 PM

Transcript

Bed Bath & Beyond Announces Q3 2025 Financial Results

BBBY

Earnings

Demand Weakening

Expense Management

Bed Bath & Beyond reported revenue of $257.2 million for Q3 2025, a 17.4% decrease compared to Q3 2024.
The company's gross margin improved to 25.3%, up 420 basis points from Q3 2024.
Adjusted EBITDA was -$4.9 million, an improvement of $27.0 million compared to Q3 2024, marking the seventh consecutive quarter of narrowing adjusted EBITDA loss.
G&A and Tech Expense decreased by 28.1% year-over-year to $32.6 million, achieving the committed $150 million annual run rate.
Active customers (LTM) declined 30% to 4.2 million, and orders delivered (LTM) decreased 35% to 5.4 million compared to Q3 2024.

Oct 27, 2025, 8:30 PM

Presentation

Bed Bath & Beyond Reports Q3 2025 Results and Outlines 2026 Growth Strategy

BBBY

Earnings

Guidance Update

New Projects/Investments

Bed Bath & Beyond reported a 93% improvement in net loss and an 85% improvement in adjusted EBITDA loss to $4.9 million for Q3 2025, with net revenue at $257 million. Gross margin increased by 420 basis points to 25.3% year over year.
The company strengthened its balance sheet by raising approximately $113 million through its ATM program and ended the quarter with $202 million in cash equivalents and inventory. Strategic investments included an additional $3 million in GrainChain and the acquisition of Kirkland's Home intellectual property for $10 million.
For 2026, the company expects positive year-over-year revenue growth and aims to realize $20 million in additional operating expense efficiencies. It also targets a 12% marketing expense and plans to convert all 250 omnichannel locations by mid-2026.
The company is integrating AI-driven strategies to improve customer experience, platform efficiency, and conversion, aiming for a conversion rate north of 1.3%.

Oct 27, 2025, 8:30 PM

Transcript

Bed Bath & Beyond, Inc. Reports Q3 2025 Earnings

BBBY

Earnings

Guidance Update

Revenue Acceleration/Inflection

Bed Bath & Beyond, Inc. reported a net loss of $4.5 million for Q3 2025, marking a 93% improvement year-over-year, and an Adjusted EBITDA loss of $4.9 million, an 85% improvement year-over-year.
The company achieved a gross margin improvement of 420 basis points to 25.3% and sales & marketing expense efficiency gained 260 basis points to 14% of revenue year-over-year.
Net revenue for Q3 2025 was $257 million, a 17.4% decrease year-over-year, or a 13.2% decrease when excluding the impact of the Canada exit.
Bed Bath & Beyond, Inc. ended the quarter with a strong liquidity position, holding over $200 million in cash, cash equivalents, restricted cash, and inventory, and raised $113 million through an at-the-market offering.
Management anticipates year-over-year revenue trends to turn positive in 2026.

Oct 27, 2025, 8:02 PM

8-K

Bed Bath & Beyond, Inc. Distributes Warrants to Shareholders

BBBY

Dividends

Delisting/Listing Issues

Bed Bath & Beyond, Inc. completed the distribution of warrants to its shareholders on October 7, 2025.
Shareholders of record as of October 2, 2025, received one (1) Warrant for every ten (10) shares of common stock held.
Each warrant has an exercise price of $15.50 and will expire on October 7, 2026, unless an early expiration condition is met.
The warrants are anticipated to begin trading on the NYSE under the ticker BBBY WS as early as Monday, October 13, 2025.

Oct 8, 2025, 12:52 PM

8-K

Bed Bath & Beyond, Inc. Announces Warrant Dividend

BBBY

Dividends

Bed Bath & Beyond, Inc. announced a special dividend of warrants to its common shareholders.
Shareholders of record as of October 2, 2025, will receive one (1) warrant for every ten (10) shares of common stock held, rounded down.
Each warrant will entitle the holder to purchase one share of common stock at an exercise price of $15.50 and will expire on October 7, 2026.
The company expects to distribute the warrants on or around October 7, 2025, and they are anticipated to be listed on the New York Stock Exchange under the ticker BBBYW.
If all warrants are exercised, the company could receive up to $100 million in gross proceeds, intended for general corporate purposes.

Sep 22, 2025, 12:30 PM

8-K

Beyond Reports Q4 2024 Results with Revenue Decline, Improved Margins, and Path to Profitability

BBBY

Earnings

Guidance Update

New Projects/Investments

Beyond (BBBY) reported a 21% year-over-year revenue decline for Q4 2024, with full-year 2024 revenue at $1.4 billion, an 11% decrease from FY 2023. This decline is part of a strategic decision to prioritize profitability over top-line growth by eliminating unprofitable SKUs and vendors.
Gross margin significantly improved to 23% in Q4 2024, representing a 380 basis point improvement year-over-year and a 180 basis point sequential improvement from Q3 2024, exceeding the target of 21.5%. The company aims for gross margins north of 27%, striving for 30%, with expected sequential improvements.
Adjusted EBITDA for Q4 2024 was a loss of $28 million, which is a 43% or $21 million improvement year-over-year and a $4 million improvement sequentially from Q3 2024. The company expects continued sequential EBITDA performance improvement.
Beyond exceeded its $65 million expense reduction goal for 2024 and is progressing towards a $165 million annual G&A and tech run rate. The company ended Q4 with $186 million in cash, cash equivalents, and restricted cash, bolstered by $17 million from a building sale and $43 million from ATM stock sales.