Bed Bath & Beyond has reported its first meaningful quarterly revenue growth in 19 quarters, signalling improving momentum as the business continues its turnaround strategy. For the first quarter ended 31 March 2026, net revenue rose 6.9% year-on-year to $248m. Excluding the impact of its exit from Canada, revenue increased 9.4%.
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The company, which also owns Overstock, buybuy BABY and the Kirkland's brands, said improved assortment and customer experience investments helped drive stronger performance.
Gross profit reached $59m, representing 23.9% of net revenue. Sales and marketing expense fell to 13.0% of revenue, while technology, general and administrative costs declined to $36m, down from $41m a year earlier.
Net loss narrowed to $16m, an improvement of $24m year-on-year. Adjusted EBITDA improved by $5m to ($8m).
Cash, cash equivalents and restricted cash totalled $163m at quarter end.
Marcus Lemonis, executive chairman and chief executive, said the results show that efforts to stabilise and rebuild the business are beginning to take hold. He added that better engagement, stronger conversion and higher average order values indicate customers are responding positively.
Bed Bath & Beyond also highlighted its planned acquisition of The Container Store, Elfa and Closet Works as part of its long-term "Everything Home" growth strategy.
Source: www.hfbusiness.com
