Overstock Q1 revenue $381M (-29% YoY); net loss $10M; adj. EBITDA positive

BED BATH & BEYOND, INC.

2023-Q1 EPS reported -$0.23 revenue$381,140,000

Total net revenue $381M, down 29% YoY; gross profit $90M (23.5% margin).
Net loss $10M; diluted EPS loss $0.23; adjusted diluted EPS loss $0.10.
Adjusted EBITDA $3M (0.9% of revenue), 12th consecutive quarter positive.
Active customers 4.8M, down 35% YoY; orders delivered 1.7M, down 29%.
Cash and equivalents $375M; CEO notes improving revenue trend late in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BED BATH & BEYOND, INC. reported quarter ended March 31, 2023 results: revenue $381 million, net income $10 million, EPS $0.23.

Period: quarter ended March 31, 2023
Revenue: $381 million
Net income: $10 million
EPS: $0.23
Result: reported results

Exact text from the filing

First Quarter 2023 Financial Highlights • Total net revenue was $381 million, a decrease of 29% year over year • Gross profit of $90 million, or 23.5% of total net revenue • Net loss of $10 million • Diluted net loss per share of $0.23; Adjusted diluted net loss per share (non-GAAP) of $0.10

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BED BATH & BEYOND, INC. filing history →

Source: SEC EDGAR

accession 0001130713-23-000029

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