earnings
confidence high
sentiment negative
materiality 0.75
Beyond Q3 revenue $311M (-16.6% YoY), net loss $61M, adjusted EBITDA -$32M
BED BATH & BEYOND, INC.
2024-Q3 EPS reported
-$3.88
revenue$1,091,813,000
- Diluted EPS -$1.33; adjusted diluted EPS -$0.96; orders delivered down 19% YoY to 1.6M.
- Active customers up 21% YoY to 6.0M; gross margin 21.2%.
- HQ sale expected Q4 2024; $20M annualized staff reduction, $65M fixed expense reduction by 2025.
- Partnerships announced with The Container Store and Kirkland's Home as part of affinity model.