other material
confidence high
sentiment neutral
materiality 0.85
Bed Bath & Beyond reports Q2 revenue up 28% to $361M, plans Nasdaq transfer and name change to Neighborhood Intelligence
BED BATH & BEYOND, INC.
- Net revenue $361M (+28% YoY); net loss $39M vs $19M loss prior year; adjusted EBITDA ($12M).
- Active customers up 47% to 6.4M; orders delivered up 117% to 2.8M.
- Company to voluntarily delist from NYSE, transfer to Nasdaq under ticker NXH effective Aug 17, 2026.
- Corporate name change to Neighborhood Intelligence, headquarters relocation to Nashville, TN.
- Expects to remove >$50M annualized cost over next 12 months through platform consolidation.