earnings
confidence high
sentiment negative
materiality 0.65
Beyond Q2 revenue falls 5.7% to $398M, net loss $43M; active customers up 35%
BED BATH & BEYOND, INC.
2024-Q2 EPS reported
-$2.55
revenue$780,385,000
- Net revenue $398M (-5.7% YoY); net loss $43M ($0.93 diluted EPS); adjusted diluted EPS -$0.76.
- Adjusted EBITDA loss of $36M (9.1% of revenue); sequential improvement of 25%.
- Active customers 6.2M (+35% YoY); orders delivered 1.9M (+8% YoY).
- Gross margin 20.1%; fixed cost reduction on track for $45M annualized savings.
- Cash and equivalents $186M; management expects financial performance to improve in H2.