Bed Bath & Beyond’s first quarter revenue increased by 6.9% year-over-year and its loss narrowed
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Glonghui, April 28 — Bed Bath & Beyond announced that its first quarter revenue increased by 6.9% year-on-year to $248 million, surpassing the market expectation of $240 million; its loss narrowed to $16.4 million, with an adjusted loss per share of $0.25, compared to the market expectation of a $0.24 loss per share. Chief Executive Officer Marcus Lemonis stated that the company has improved in customer acquisition, engagement quality, and the performance of its own channels, and noted that the average order value has increased.
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