By Elias Schisgall
Bed Bath & Beyond posted a narrower loss in the first quarter as the company continued to cuts costs and boost efficiency.
The retailer on Monday logged a loss of $16.4 million, or 24 cents a share, compared with a loss of $39.9 million, or 74 cents a share, a year earlier.
On an adjusted basis, the company reported a loss of 25 cents a share. Analysts surveyed by FactSet were expecting a loss of 24 cents a share.
Revenue rose to $247.8 million, up from $231.7 million a year prior. Analysts were projecting $240.1 million in revenue. The company said the 6.9% increase in revenue was its first quarter of significant revenue growth in the past in 19 quarters.
Shares jumped 17% to $6.26 in after-hours trading. The stock closed down 4.8% at $5.34, down 2.2% this year.
"Our first quarter results show that the work we've been doing to stabilize and rebuild the business is taking hold," Chief Executive Officer Marcus Lemonis said.
The company reported 3,951 active customers, down from 4,779 a year earlier, with the net revenue per customer up in the last 12 months rising to $268 from $260.
The results come after Bed Bath & Beyond said it would acquire The Container Store, as well as the owner of Cabinets to Go and Lumber Liquidators.
The new additions are part of the company's push to brand itself as the "Everything Home Company," which has seen Bed Bath & Beyond push into home financing and retail brokerage, home services and products, and blockchain-based home technology.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
April 27, 2026 16:24 ET (20:24 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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