secwatch.observer — SEC 8-K summary
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Issuer:     BED BATH & BEYOND, INC. (BBBY)
CIK:        0001130713
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001130713-23-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130713/000113071323000051/0001130713-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130713/000113071323000051/ostk-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001130713-23-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer