- The Brand House Collective reported **net sales of $75.8 million** for the second quarter of 2025, a decrease from **$86.3 million** in the prior year quarter.  **[1056285_0001437749-25-029110_ex_833949.htm:0]**  The company posted a **net loss of $20.2 million**, or **$0.90 per diluted share**, compared to a net loss of $14.5 million, or $1.11 per diluted share, in Q2 2024.  **[1056285_0001437749-25-029110_ex_833949.htm:1]** 
- For Q2 2025, the company's **adjusted net loss was $17.8 million**, or an **adjusted loss of $0.79 per diluted share**, and **adjusted EBITDA was a loss of $14.3 million**.  **[1056285_0001437749-25-029110_ex_833949.htm:1]** 
- On **September 15, 2025**, the company **sold the Kirkland's Home intellectual property to Bed Bath & Beyond, Inc. for $10 million** and expanded its credit agreement with Bed Bath & Beyond, Inc. by **$20 million**.  **[1056285_0001437749-25-029110_ex_833949.htm:0]** 
- The first **Bed Bath & Beyond Home store opened successfully in Nashville, TN on August 8, 2025**, and the company plans to open **5 additional stores** in the greater Nashville market in fiscal 2025.  **[1056285_0001437749-25-029110_ex_833949.htm:0]**  All Kirkland's Home stores are expected to be converted into Bed Bath & Beyond stores over the **next 24 months**.  **[1056285_0001437749-25-029110_ex_833949.htm:0]** 
- The Q2 2025 results were negatively impacted by **$2.0 million in expenses related to tornado damage** at the distribution center on May 20, 2025, and a strategic decision to **liquidate select inventory**.  **[1056285_0001437749-25-029110_ex_833949.htm:0]** **[1056285_0001437749-25-029110_ex_833949.htm:1]**

The Brand House Collective Reports Q2 2025 Financial Results and Strategic Business Updates

- The Brand House Collective reported **net sales of $75.8 million** for the second quarter of fiscal 2025, a decrease from $86.3 million in the prior year quarter, resulting in a **net loss of $20.2 million**, or **$0.90 per diluted share**.  **[1056285_20250916CL74160:1]**  The adjusted net loss was **$17.8 million**, or **$0.79 per diluted share**.  **[1056285_20250916CL74160:1]** 
- On September 15, 2025, the Company sold the **Kirkland's Home intellectual property** to Bed Bath & Beyond, Inc. for **$10 million** and expanded its existing credit agreement with Bed Bath & Beyond, Inc. by **$20 million**.  **[1056285_20250916CL74160:0]** 
- The first **Bed Bath & Beyond Home store** successfully opened on August 8, 2025, with plans to open **5 additional stores** in fiscal 2025 and convert all Kirkland's Home stores into Bed Bath & Beyond stores over the next **24 months**.  **[1056285_20250916CL74160:0]** 
- The decline in profitability for Q2 2025 was primarily driven by **tornado damage** at the distribution center and a deliberate decision to **liquidate select inventory** to expand Bed Bath & Beyond assortments, leading to a decline in merchandise margin and a **$2.0 million** expense related to the tornado.  **[1056285_20250916CL74160:0]** **[1056285_20250916CL74160:1]**

BRAND HOUSE COLLECTIVE (TBHC)