secwatch.observer — SEC 8-K summary
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Issuer:     BED BATH & BEYOND, INC. (BBBY)
CIK:        0001130713
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001130713-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beyond Q4 net loss $161M; revenue down 5% YoY; active customers up 9%
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- Q4 net revenue $384M (-5% YoY); gross profit $60M (15.6% margin); operating loss $65M.
- Diluted net loss per share $3.55; adjusted diluted net loss per share $1.22; Adjusted EBITDA -$49M.
- Active customers 5.6M (+9% YoY), first year-over-year growth in three years.
- Annualized cost reduction target raised to $45M from $25M; company targets $2B revenue in 2024.
- Cash and equivalents $303M at year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130713/000113071324000008/0001130713-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130713/000113071324000008/byon-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001130713-24-000008

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