Bed Bath & Beyond surges on qtrly sales beat

Neighborhood Intelligence

28/04/2026 09:16

** Bed Bath & Beyond BBBY.O shares rally 21.7% to $6.47 in pre-market trading on Tues after the online retailer posted a qtrly sales beat and a narrower loss on cost-cutting efforts

** Net sales for the qtr rose 6.9% to $248 mln, beating estimates of $240 mln, marking its first significant rev growth in 19 quarters; adj loss was 25 cents/share vs 42 cents/share year-ago

** The company expects to eliminate more than $60 mln of costs in the next nine months as it simplifies its structure and consolidates operations

** Jefferies analysts say the company is showing early signs of recovery, but execution risks around its acquisition-led strategy limit near-term upside

** BBBY's stock has slipped about 2.2% year to date, compared to a 4.8% rise in the S&P 500 .SPX

** The average rating of 7 analysts is 'hold', while their median price target is $8.00, according to data compiled by LSEG

(Reporting by Rashika Singh in Bengaluru)

((Rashika.Singh@thomsonreuters.com;))