---
schema_version: "secwatch.filing_event.v1"
accession: "0001130713-23-000051"
form_type: "8-K"
ticker: "BBBY"
cik: "0001130713"
company_name: "BED BATH & BEYOND, INC."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:45:49.843987+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Overstock Q2 revenue falls 20% YoY to $422M; net loss $73M; Bed Bath & Beyond brand acquired

## Summary
- Total net revenue $422M, down 20% year-over-year; gross profit $94M (22.4% margin).
- Net loss $73M; diluted EPS -$1.63; adjusted diluted EPS -$0.02; adjusted EBITDA $8M (2.0% of revenue).
- Active customers 4.6M (-29% YoY); orders delivered 1.8M (-16% YoY); average order value $234 (-5% YoY).
- Completed acquisition of Bed Bath & Beyond brand and IP; US rebranding launch targeted for early August.
- Cash and equivalents $343M; strong balance sheet with over $300M net cash.

## SEC filing metadata
- accession: 0001130713-23-000051
- form_type: 8-K
- ticker: BBBY
- cik: 0001130713
- company_name: BED BATH & BEYOND, INC.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130713/000113071323000051/0001130713-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130713/000113071323000051/ostk-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001130713-23-000051
- JSON: https://secwatch.observer/filing/0001130713-23-000051.json
- Plain text: https://secwatch.observer/filing/0001130713-23-000051.txt

## Key facts
- Earnings Releases
  BED BATH & BEYOND, INC. reported the quarter ended June 30, 2023 results: revenue $422 million, net income Net loss of $73 million, EPS Diluted net loss per share of $1.63.
  - Period: the quarter ended June 30, 2023
  - Revenue: $422 million
  - Net income: Net loss of $73 million
  - EPS: Diluted net loss per share of $1.63
  - Result: reported results
  source text: Overstock.com, Inc. (NASDAQ:OSTK) today reported financial results for the quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights • Total net revenue was $422 million, a decrease of 20% year-over-year • Gross profit of $94 million, or 22.4% of total net revenue • Operating loss of $4 million • Net loss of $73 million • Diluted net loss per share of $1.63; Adjusted diluted net loss per share (non-GAAP) of $0.02
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130713/000113071323000051/0001130713-23-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.