Significant Improvement in Financial Metrics
Bed Bath & Beyond reported a 93% improvement in net loss and an 85% improvement in adjusted EBITDA year-over-year, along with a 420 basis point increase in gross margin.
Strategic Investments and Expansion
Invested $3 million in GrainChain and acquired Kirkland's home intellectual property for $10 million. Raised approximately $113 million through ATM to strengthen the balance sheet and pursue strategic investments.
Operational and Marketing Efficiencies
Sales and marketing expense improved by 260 basis points to 14% of revenue. Technology and G&A expenses declined by $13 million year-over-year.