Beyond Q1 net loss $74M; revenue flat YoY; orders up 27% to 2.2M

BED BATH & BEYOND, INC.

2024-Q1 EPS reported -$1.62 revenue$382,281,000

Net loss $74M, diluted EPS -$1.62; adjusted diluted EPS -$1.22; revenue $382M (+0.3% YoY).
Gross profit $74M (19.5% margin); operating loss $58M; adjusted EBITDA -$48M (-12.5% of revenue).
Orders delivered 2.2M (+27% YoY); active customers 6.0M (+26% YoY).
Acquired Zulily; soft launched Overstock site 6 months ahead of schedule; implementing $45M annual cost cuts.
Changed presentation: merchant fees and customer service costs moved from COGS to operating expenses; retrospective restatement.

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 0.95

BED BATH & BEYOND, INC. reported first quarter ended March 31, 2024 results: revenue $382 million, net income Net loss of $74 million, EPS Diluted net loss per share of $1.62.

Period: first quarter ended March 31, 2024
Revenue: $382 million
Net income: Net loss of $74 million
EPS: Diluted net loss per share of $1.62
Result: reported results

Exact text from the filing

Total net revenue of $382 million, an increase of 0.3% year-over-year

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710 earnings releases filed in the last 30 days. Browse all earnings releases →

BED BATH & BEYOND, INC. filing history →

Source: SEC EDGAR

accession 0001130713-24-000029

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