Bed Bath & Beyond Inc.
Revenue
$1B
Net Income
$-366M
Bed Bath & Beyond Inc.
Revenue
$1B
Net Income
$-366M
Bed Bath & Beyond Inc.
CIK: 0000886158
Earnings Analysis
Analyzed 6 of 12 reports
Performance Summary - Q3 2022bearishlowered
Financial Performance Trend
Overall Analysis & Outlook
Over the past 5 quarters, Bed Bath & Beyond Inc. has been showing bearish trends with several guidance cuts. Revenue has grown 9.9% during this period. The latest quarter shows bearish sentiment with negative tone from management.
Latest Quarter Highlights:
Bed Bath & Beyond reported steep revenue declines and substantial net losses in Q3 2022, with significant restructuring expenses and store closure plans. The company is undertaking aggressive cost-cutting measures and workforce reductions to manage its financial challenges.
Detailed Quarterly Reports
In-depth analysis of each quarter's earnings filing
Q3 2022
10-Q • Filed 9/30/2022
Summary
Bed Bath & Beyond reported steep revenue declines and substantial net losses in Q3 2022, with significant restructuring expenses and store closure plans. The company is undertaking aggressive cost-cutting measures and workforce reductions to manage its financial challenges.
Revenue
$1.44B
Net Income
$-366.159M
Guidance
Tone
Capex
$226.5M
Key Quotes
"On August 31, 2022, the Company announced the planned closure of approximately 150 lower-producing Bed Bath & Beyond banner stores"
"The Company is implementing various strategic actions including permanently closing stores, reducing workforce, deferring capital expenditures and reducing operating expenses"
Q2 2022
10-Q • Filed 6/29/2022
Summary
Bed Bath & Beyond experienced a challenging Q2 2022, with significant revenue decline and substantial net loss. The company continues its business transformation efforts while facing ongoing financial pressures and restructuring expenses.
Revenue
$1.46B
Net Income
$-357.666M
Guidance
Tone
Capex
$104.852M
Key Quotes
"We are implementing a growth strategy that will harness the power of data and insights to engage customers across our four core banners"
"We have created a more focused portfolio through the divestiture of non-core assets and further strengthened our financial flexibility"
Q3 2021
10-Q • Filed 9/30/2021
Summary
Bed Bath & Beyond continues to struggle with declining revenues and profitability, reporting a net loss in Q3 2021. The company is undergoing significant restructuring, including store closures and transformation initiatives, while facing challenging retail market conditions.
Revenue
$1.98B
Net Income
$-73.215M
Guidance
Tone
Capex
$149.475M
Key Quotes
"The Company recorded $98.2 million in costs associated with restructuring and other transformation initiatives"
"As of August 28, 2021, the Company had closed a total of 165 stores under this program"
Q2 2021
10-Q • Filed 6/30/2021
Summary
Bed Bath & Beyond continues to struggle with significant net losses and negative cash flow. The company is undergoing major restructuring, closing stores, and divesting non-core businesses in an attempt to stabilize its financial position.
Revenue
$1.95B
Net Income
$-50.874M
Guidance
Tone
Capex
$73.521M
Key Quotes
"The Company had store closing activities for 16 Bed Bath & Beyond stores as part of its store network optimization program"
"Expects to close an additional 40 stores by the end of fiscal 2021"
Q3 2020
10-Q • Filed 10/1/2020
Summary
Bed Bath & Beyond reported a quarterly turnaround with net income of $217.9 million, driven by cost-cutting measures and store optimization. The company is undergoing significant restructuring, including closing 200 stores and reducing workforce by 2,800 roles.
Revenue
$2.69B
Net Income
$217.9M
Guidance
Tone
Capex
$79.321M
Partnerships
Key Quotes
"As part of the Company's ongoing business transformation, on July 6, 2020, the Board of Directors of the Company approved the planned closure of approximately 200 mostly Bed Bath & Beyond stores over the next two years"
"During the second quarter of fiscal 2020, the Company announced a major realignment of its organizational structure as part of its transformation initiative"
Q2 2020
10-Q • Filed 7/8/2020
Summary
Bed Bath & Beyond experienced significant operational disruption in Q2 2020 due to COVID-19, with widespread store closures, substantial net loss, and negative cash flow. The company is undertaking a strategic transformation focused on digital capabilities and cost reduction.
Revenue
$1.31B
Net Income
$-302.291M
Guidance
Tone
Capex
$42.351M
Partnerships
Key Quotes
"The COVID-19 pandemic served as a catalyst to accelerate the pace of change and innovation across the Company"
"The Company is re-engineering its supply chain and vendor relationships, as well as further strengthening its owned-brand strategy"
Sector Comparison
How BBBY performs vs Consumer sector and Other peers