Bed Bath & Beyond expects 2026 return to revenue growth
MURRAY, Utah – Bed Bath & Beyond continues to narrow its net losses and is seeing signs on progress on the top line.
LTM net revenue per active customer ticked up to $259 from $248 in the comparable period. Avenue order value also rose to $205 from $199. However, the number of active customers tumbled 30% to 4.15 million, and orders delivered during the quarter were down 20% to 1.25 million.
Net revenue for the period ended Sept. 30 dropped 17.4% to $257 million compared to last year’s Q3. Excluding the impact from the company’s exit from the Canadian market, net revenue fell 13.2%.
Bed Bath & Beyond Inc. made headway on the bottom line, with a consolidated net loss of $4.5 million vs. a net loss of $61.0 million. Operating loss narrowed to $12.5 million versus a net loss of $45.2 million in last year’s Q3.
See also:
- Bed Bath & Beyond completes $10M acquisition of Kirkland’s assets
- Bed Bath and back again: Beyond reverts to familiar name, stock symbol
The company ended the quarter with more than $200 million in cash, cash equivalents, restricted cash, and inventory, and with an additional $36 million in transit from at-the-market offering (the “ATM”) settlements post quarter end.
“We know what’s working and we also know what still needs improvement,” said Marcus Lemonis, executive chairman and principal executive officer, noting that boosting conversion remains a key priority.
The company did not issue guidance during its Q3 conference call this evening, but Lemonis told analysts the company is committed to generating positive revenue growth in 2026.
“We believe this upward trajectory, combined with margin consistency, an additional $20 million in operating expense efficiencies, and improved site conversion, position the company to achieve its profitability objectives,” Lemonis stated in Bed Bath & Beyond Inc.’s Q3 financial release.
Going forward, the company will accelerate its investments in technology to boost conversion and create an “Everything Home” business. During the call, Lemonis held back on specifics but described an operation that provides homeowners with tools that help them manage and create value in their homes.
“Bed Bath & Beyond will not be purely a retail play,” he said. “Transactions are meant to build relationships” that open the door to additional BBB-provided services.
