secwatch.observer — SEC 8-K summary
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Issuer:     BED BATH & BEYOND, INC. (BBBY)
CIK:        0001130713
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001130713-24-000052
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beyond Q2 revenue falls 5.7% to $398M, net loss $43M; active customers up 35%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130713/000113071324000052/0001130713-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130713/000113071324000052/byon-20240729.htm
  HTML page:      https://secwatch.observer/filing/0001130713-24-000052

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