Bed Bath & Beyond Inc. (BBBY) is a prominent specialty retailer in the consumer cyclical sector, headquartered in Union, New Jersey. The company was founded in 1971 by Leonard Feinstein and Warren Eisenberg, who opened two stores in New York and New Jersey. Over the decades, it expanded significantly, operating ...Bed Bath & Beyond Inc. (BBBY) is a prominent specialty retailer in the consumer cyclical sector, headquartered in Union, New Jersey. The company was founded in 1971 by Leonard Feinstein and Warren Eisenberg, who opened two stores in New York and New Jersey. Over the decades, it expanded significantly, operating 953 physical locations as of February 2022, including Bed Bath & Beyond stores across all U.S. states, Canada, and Puerto Rico, as well as buybuy BABY and Harmon stores. In addition to brick-and-mortar retail, the company has a robust online presence through multiple websites and mobile apps, such as bedbathandbeyond.com and buybuybaby.com, and offers professional interior design services via its Decorist platform.
The company's product portfolio spans a diverse array of domestic merchandise, from bed linens and bath items to kitchenware and home furnishings, targeting a broad customer base. Despite its historical significance, Bed Bath & Beyond faced financial challenges in recent years, leading to significant restructuring. In 2023, the company filed for bankruptcy and its intellectual property was acquired by Overstock.com, which rebranded as Bed Bath & Beyond Inc. The current entity, led by CEO Marcus Lemonis, focuses on e-commerce with an affinity model, leveraging the well-known brand. As of the latest data, the company has approximately 4,003 employees and operates primarily online, with a smaller physical footprint. Financial metrics indicate a challenging period, with negative profitability margins and high debt levels, but the company continues to strive for a turnaround under new leadership.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.0B
-25.1%
+45.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-84.6M
+67.3%
-140.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+24.7%
+26.2%
+12.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-5.9%
+57.2%
-61.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-8.1%
+56.3%
-65.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-79.5M
+59.2%
-224.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-7.6%
+45.5%
-122.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
10.1%
-49.5%
+559.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.25x
+23.5%
-26.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Thank you for joining us and welcome to the Q2 2026 Bed Bath and Beyond Inc. Earnings Conference Call. After today's prepared remarks, we will host a question and answer session. I will now hand the conference over to Melissa Smith, General Counsel and Corporate Secretary. Melissa, please go ahead.
Melissa Smith: Thank you, operator. Good afternoon and welcome to Bed Bath & Beyond Inc.'s second quarter 2026 earnings conference call. Joining me on the call today are Executive Chairman and Chief Executive Officer Marcus Lemonis, President Amy Sullivan, Chief Executive Officer, Chief Executive Officer, and Chief Financial Officer Brian LaRose, Chief Technology Transformation Officer Kyla Robinson, and Chief Operating Officer Lisa Foley. Today's discussion and our responses to your questions reflect management's views as of today, August 4, 2026, and they include forward-looking statements, including without limitation, statements regarding our future business strategy, goals, financial performance, outlook for the remainder of the quarter or any other period, anticipated growth, stock price, profitability, macroeconomic conditions, the value of any of our brands and investments, relationships with third parties and agreements we are entering into with them, margin improvement, expense reduction, marketing efficiencies, conversion, customer experience, changes to brands or websites, product offerings, completed pending or contemplated mergers, expected change in listing exchange, expected name and ticker change, blockchain and tokenization efforts and strategies, and timing of any of the foregoing. Actual results could differ materially from such statements. Additional information about our risks, uncertainties and other important factors that could potentially impact our financial results is included in our Form 10-K for the year ended December 31, 2025, in our Form 10-Q for the quarter ended June 30, 2026, and in our subsequent filings with the SEC. During this call, we will discuss certain non-GAAP financial measures. Our filings with the SEC, including our second quarter earnings release, which is available on our Investor Relations website at investors.beyond.com contain important additional disclosures regarding these non-GAAP measures, including reconciliations of these measures to the most comparable GAAP measures. Following management's prepared remarks, we will open the call for questions. A slide presentation with supporting data is available for download on our Investor Relations website. Please review the important forward-looking statements disclosure on Slide 2 of that presentation. With that, let me turn the call over to you, Marcus.
Marcus Lemonis: Thanks, Melissa. Good afternoon, everyone. Thanks for joining us. For the second consecutive quarter, our base e-commerce business delivered year-over-year revenue growth after 19 consecutive quarters of decline. Across the entire omnichannel business, revenue increased 28%. …
