earnings
confidence high
sentiment negative
materiality 0.80
Overstock Q3 revenue $373M (-19% YoY), net loss $63M; Bed Bath & Beyond relaunch drives customer growth
BED BATH & BEYOND, INC.
2023-Q3 EPS reported
-$3.25
revenue$1,176,664,000
- Net revenue $373M (-19% YoY), gross margin 18.7%; operating loss $41M.
- Net loss $63M ($1.39 GAAP EPS); adjusted EPS -$0.61, adjusted EBITDA -$24M.
- Active customers 4.9M (-15% YoY) but grew sequentially for first time in 2+ years.
- Orders delivered 1.9M (+3% YoY) — first positive YoY growth in 2+ years.
- Brand acquisition total investment ~$175M (~$25M to estate + ~$150M launch costs).