Bed Bath & Beyond surges on quarterly sales beat

Neighborhood Intelligence

28/04/2026 11:28

Updates

** Online retailer Bed Bath & Beyond BBBY.O shares rally 31.6% to $7.03 in premarket trading

** Quarterly sales rose 6.9% to $248 mln, beating estimates of $240 mln, marking its first significant revenue growth in 19 quarters; adjusted loss was 25 cents/share vs year-ago's 42 cents/share

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

** BBBY is #6 trending ticker on retail investor forum Stocktwits on Tuesday; stock was also at the center of a "meme"-like frenzy in 2022

** Jefferies analysts say BBBY 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 4.8% rise in S&P 500 .SPX

** Average rating of 7 analysts is "hold", median price target $8.00, according to data compiled by LSEG

(Reporting by Rashika Singh in Bengaluru)

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