Bed Bath & Beyond recorded a 6.9% year-on-year (YoY) rise in revenue in the first quarter ended 31 March 2026, marking its first quarter of meaningful top-line growth in 19 quarters.
Net revenue for the quarter stood at $247.7m.
Excluding the effect of the company’s withdrawal from Canada, net revenue was up 9.4% from a year earlier.
Gross profit edged up to $59.1m, equivalent to 23.9% of net revenue, compared with $58.1m in the same period last year.
The company’s operating loss narrowed to $18.2m from $23.2m while net loss improved by $23.5m YoY to $16.4m.
Bed Bath & Beyond executive chairman and CEO Marcus Lemonis said: “Our first quarter results show that the work we have been doing to stabilise and rebuild the business is taking hold.
“We delivered real year-over-year revenue growth, something we have not seen meaningfully in several years while continuing to take costs out of the business and operate more efficiently.”
Sales and marketing costs totalled $32.3m, representing 13% of net revenue, down 50 basis points from the prior-year quarter.
Technology, general and administrative expenses fell to $36m from $41m, a YoY reduction of $5m.
Bed Bath & Beyond said the revenue increase was driven by stronger brand awareness, a better product mix and returns from investment in customer experience.
The first-quarter figures indicate further movement towards profitability, with both operating and net losses reduced from the corresponding period in 2025, while the business continues to operate on a lower cost base.
Earlier this month, Bed Bath & Beyond signed a definitive merger agreement to acquire US speciality retail chain The Container Store in a $150m deal.
The company stated in a regulatory filing that its newly formed subsidiary, Falcon Merger Sub, will be merged into The Container Store, which will then remain as a wholly owned subsidiary of Bed Bath & Beyond.
The retailer owns various brands, including buybuy BABY, Kirkland's, Kirkland's Home and Overstock, as well as a blockchain asset portfolio.
