secwatch.observer — SEC 8-K summary
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Issuer:     BED BATH & BEYOND, INC. (BBBY)
CIK:        0001130713
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001130713-24-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130713/000113071324000029/0001130713-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130713/000113071324000029/byon-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001130713-24-000029

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