Bed Bath & Beyond, Inc. · NYSE:BBBY
Bed Bath & Beyond — Q1 2026 Earnings Presentation
14 slides from Bed Bath & Beyond's earnings presentation, Apr 27, 2026
Slide 1: 1Q 2026 Earnings Call
1Q 2026 Earnings Call April 27, 2026 1
Slide 2: Forward-Looking Statements
1Q 26 Earnings Call | April 2026 Forward-Looking Statements Forward-Looking Statements The information presented herein and any accompanying presentation may contain forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements include all statements o
Slide 3: Financial Update
Financial Update 1Q 2026 BED BATH & BEYOND
Slide 4: 1Q 2026 Financial Results
1Q 26 Earnings Call | April 2026 Financial Update 1Q 2026 Financial Results Revenue Gross Margin G&A and Tech Expense $247.8 Million 23.9% $36.1 Million +6.9% vs. 1Q 25 -120 bps vs. 1Q 25 -$5.0M / -12.1% vs. 1Q 25 Diluted EPS Adjusted EBITDA1 -$0.24 Ending Cash Adjusted Diluted EPS2 -$7.9 Million $1
Slide 5: Revenue
1Q 26 Earnings Call | April 2026 Financial Update Revenue Revenue 1Q 26 Dynamics ($M) $500 • Revenue of $248M • +$16M / +7% vs. 1Q 25 • +$21M / +9% vs. 1Q 25 $400 excl. Canada • Revenue influenced by: $300 • Improved marketing $282 $273 efficiency $257 $248 $232 • Increased AOV $200 • First quarter
Slide 6: Gross Margin
1Q 26 Earnings Call | April 2026 Financial Update Gross Margin Gross Margin Gross Margin 1Q 26 Dynamics ($M) (%) 30% $150 • Gross margin of 23.9% • -120 bps vs. 1Q 25 25.1% 25.3% 24.6% 23.7% 23.9% 25% • Gross Margin influenced by: • Loyalty program points breakage $100 20% • Rationalized discounting
Slide 7: Sales & Marketing Expense
1Q 26 Earnings Call | April 2026 Financial Update Sales & Marketing Expense Sales & Marketing Expense Sales & Marketing Expense 1Q 26 Dynamics ($M) (% of Revenue) 15% $100 13.8% • Sales & Marketing Expense of 13.5% 13.0% $32M or 13.0% 14.0% 13.5% • +$1M / -50 bps vs. 1Q 25 • Sales & Marketing Expens
Slide 8: G&A and Tech Expense
1Q 26 Earnings Call | April 2026 Financial Update G&A and Tech Expense G&A and Tech Expense 1Q 26 Dynamics ($M) $75 • G&A and Tech Expense of $36M • -$5M / -12% vs. 1Q 25 • -$8M / -20% vs. 1Q 25 excl. one-time costs $50 $41 $37 $36 $381 $33 $33 $311 $25 $0 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 1 In 1Q 25 we
Slide 9: Adjusted EBITDA
1Q 26 Earnings Call | April 2026 Financial Update Adjusted EBITDA Adjusted EBITDA 1Q 26 Dynamics ($M) $0 • Adj. EBITDA of -$8M • +$5M / +41% vs. 1Q 25 ($4) ($5) ($8) ($8) ($13) ($20) 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 Note: Adjusted EBITDA is a non-GAAP financial measure. See reconciliation in appendix.
Slide 10: LTM Orders and Average Order Value
1Q 26 Earnings Call | April 2026 Financial Update LTM Orders and Average Order Value Orders Delivered (LTM) Average Order Value 1Q 26 Dynamics (M) ($) 15 $250 • Average order value of $205 $219 • +6% vs. 1Q 25 $205 $205 $194 $193 $200 • Orders delivered (LTM) of 5.2M 10 • -1M / -19% vs. 1Q 25 $150 •
Slide 11: Active Customers and Order Frequency
1Q 26 Earnings Call | April 2026 Financial Update Active Customers and Order Frequency Active Customers (LTM) Order per Active Customer 1Q 26 Dynamics (M) (LTM) 8 1.5 • Order frequency of 1.31 1.34 1.32 1.30 1.30 1.31 • -2% vs. 1Q 25 6 • Active customers (LTM) of 4.0M 1.0 4.8 • -1M / -17% vs. 1Q 25
Slide 12: Appendix
Appendix BED BATH & BEYOND
Slide 13: Adjusted EBITDA Reconciliation
1Q 26 Earnings Call | April 2026 Reconciliation Adjusted EBITDA Reconciliation Three months ended in thousands 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 Net loss $ (39,912) $ (19,313) $ (4,521) $ (20,875) $ (16,398) Depreciation and amortization 4,844 4,080 3,879 3,475 3,204 Stock-based com
Slide 14: Adjusted Diluted EPS Reconciliation
1Q 26 Earnings Call | April 2026 Reconciliation Adjusted Diluted EPS Reconciliation Three months ended March 31, 2026 Less: gain on derecognition of Less: equity method Adjusted Diluted 1 in thousands, except per share data Diluted EPS loan commitment gain (loss)1 EPS Numerator: Net loss attributabl