Brand House Collective (TBHC)
NASDAQ:TBHC
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Brand House Collective
(NASDAQ:TBHC)
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Rating:44Neutral
Price Target:
$1.00
▲(4.06% Upside)
Action:ReiteratedDate:02/20/26
The score is primarily held down by weak financial performance (persistent losses, negative free cash flow, and negative equity), alongside bearish technical signals. The pending merger provides a positive offset via potential cost savings, but execution and closing risk remain, and valuation support is limited while the company is loss-making.
Positive Factors
Merger with Bed Bath & Beyond
A completed merger that targets at least $20M in cost eliminations represents a structural catalyst: realized synergies can materially cut fixed costs, improve operating leverage, and expand distribution and cross-sell opportunities, supporting a durable uplift to cash flow if execution succeeds.
Negative Factors
Negative shareholders' equity
Negative equity is a structural red flag that erodes financial flexibility, heightens creditor and covenant risk, and narrows refinancing options. It signals accumulated losses that make the company more dependent on external capital or strategic transactions to restore balance-sheet health.
Read all positive and negative factors
Positive Factors
Negative Factors
Merger with Bed Bath & Beyond
A completed merger that targets at least $20M in cost eliminations represents a structural catalyst: realized synergies can materially cut fixed costs, improve operating leverage, and expand distribution and cross-sell opportunities, supporting a durable uplift to cash flow if execution succeeds.
Read all positive factors
Brand House Collective (TBHC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.11M
Dividend YieldN/A
Average Volume (3M)254.60K
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue Growth-10.64%
EPS Growth37.38%
CountryUS
Employees835
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)N/A
Shares Outstanding22,461,384
10 Day Avg. Volume117,147
30 Day Avg. Volume254,600
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)-1.06
Price to Sales (P/S)0.05
P/FCF Ratio-0.93
Enterprise Value/Market Cap9.83
Enterprise Value/Revenue0.51
Enterprise Value/Gross Profit2.10
Enterprise Value/Ebitda-15.59
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.42
Revenue Forecast (FY)$360.72M
Brand House Collective Business Overview & Revenue Model
Company Description
The Brand House Collective, Inc. operates as a specialty retailer of home décor and furnishings in the United States. It offers holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighti...
How the Company Makes Money
TBHC generates revenue through a diverse range of streams. Primarily, the company charges clients for its branding and marketing services on a project basis, providing customized solutions tailored to specific client needs. Additionally, TBHC may ...
Brand House Collective Earnings Call Summary
Earnings Call Date:Mar 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jun 04, 2026
Earnings Call Sentiment Negative
The call presented a mixed picture: management articulated meaningful strategic progress (reactivating customers, five consecutive quarters of positive brick‑and‑mortar comps, a $6M FY‑over‑FY adjusted EBITDA improvement, cost reductions, and a strategic partnership with Beyond that provided equity and imminent term‑loan support). However, the quarter showed notable top‑line pressure (Q4 sales down ~10%), e‑commerce weakness (‑7.9%), margin compression (‑180 bps gross margin), EPS dilution and quarterly profitability headwinds, and a material near‑term risk from a 145% tariff on Chinese imports that has created liquidity and covenant uncertainty. On balance the negatives — near‑term sales/margin trends and the tariff‑related liquidity risk — outweigh the operational and strategic positives, leaving the company in a precarious but actionable position as it pursues capital‑light store conversions and sourcing diversification.Positive Updates
Reactivation of Customers and Brick-and-Mortar Strength
Company reported significant reactivation of lapsed customers and five consecutive quarters of positive brick-and-mortar comparable store sales; store comps were +1.6% in the quarter on a 13-week shifted basis (overall 13-week comps were -0.6% due to e‑commerce weakness and calendar shift).
Negative Updates
Decline in Net Sales and Top-Line Pressure
Fourth quarter net sales declined to $148.9 million from $165.9 million in the prior year quarter (down ~$17.0 million, ≈-10.2%); on a 13‑week shifted basis comparable sales were down 0.6% year‑over‑year (November/December combined comp -0.6%, January comp -0.6%).
Read all updates
Q4-2025 Updates
Positive
Negative
Reactivation of Customers and Brick-and-Mortar Strength
Company reported significant reactivation of lapsed customers and five consecutive quarters of positive brick-and-mortar comparable store sales; store comps were +1.6% in the quarter on a 13-week shifted basis (overall 13-week comps were -0.6% due to e‑commerce weakness and calendar shift).
Read all positive updates
Company Guidance
Management gave no formal fiscal‑2025 guidance due to macro and tariff uncertainty, but provided detailed Q4 and balance‑sheet metrics: Q4 net sales $148.9M vs $165.9M prior, 13‑week shifted comparable sales -0.6% (store comps +1.6%, e‑commerce -7.9%), gross margin 30.3% (down 180 bps; merchandise margin -150 bps, occupancy +50 bps, outbound freight +30 bps), total operating expenses $36.0M (24.1% of sales) vs $42.4M (25.5%), adjusted EBITDA $12.0M vs $14.2M, operating income $9.2M (adjusted $9.7M), net income $7.9M (adjusted $8.4M), adjusted diluted EPS $0.54 vs $0.82 (diluted shares 15.8M vs 13M), inventory $81.9M (+10.5% YoY from $74.1M), and debt $58.5M at quarter end ($43M revolver, $15.5M to Beyond) with total debt down $21.9M QoQ; subsequent actions include converting an $8.5M note to equity and an $8M Beyond equity infusion (Beyond ~40% ownership), active discussions to close a $5M term‑loan expansion to support working capital and capital‑light Bed Bath & Beyond Home and four Overstock pilot conversions (Overstock expected to deliver ≥2x revenue of a Kirkland’s store), while warning it cannot assure covenant compliance over the next 12 months given a current 145% tariff on Chinese imports and ~70% China sourcing exposure.Brand House Collective Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Apr 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 409.65M | 441.36M | 468.69M | 498.82M | 558.18M | 543.50M |
| Gross Profit | 98.92M | 122.01M | 126.99M | 119.79M | 188.43M | 172.84M |
| EBITDA | -13.32M | -7.12M | -11.94M | -25.89M | 46.12M | 31.92M |
| Net Income | -27.83M | -23.13M | -27.75M | -44.69M | 22.03M | 16.64M |
Balance Sheet | ||||||
| Total Assets | 229.23M | 242.19M | 250.57M | 274.25M | 331.19M | 389.42M |
| Cash, Cash Equivalents and Short-Term Investments | 6.46M | 3.82M | 3.81M | 5.17M | 25.00M | 100.34M |
| Total Debt | 192.92M | 193.64M | 173.79M | 171.11M | 152.29M | 193.95M |
| Total Liabilities | 273.27M | 261.20M | 247.45M | 244.47M | 250.06M | 294.89M |
| Stockholders Equity | -44.04M | -19.02M | 3.12M | 29.77M | 81.13M | 94.53M |
Cash Flow | ||||||
| Free Cash Flow | -18.87M | -21.64M | -19.25M | -26.27M | -37.91M | 69.86M |
| Operating Cash Flow | -16.21M | -19.25M | -14.48M | -18.15M | -30.79M | 78.56M |
| Investing Cash Flow | 7.38M | -2.35M | -4.63M | -8.06M | -7.06M | -8.49M |
| Financing Cash Flow | 8.53M | 21.62M | 17.74M | 6.38M | -37.49M | 131.00K |
Brand House Collective Technical Analysis
Negative
0.96
Price Trends
1.06
Negative
1.16
Negative
1.33
Negative
Market Momentum
-0.04
Negative
42.31
Neutral
35.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TBHC, the sentiment is Negative. The current price of 0.96 is below the 20-day moving average (MA) of 0.97, below the 50-day MA of 1.06, and below the 200-day MA of 1.33, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 42.31 is Neutral, neither overbought nor oversold. The STOCH value of 35.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TBHC.
Brand House Collective Risk Analysis
Brand House Collective disclosed 39 risk factors in its most recent earnings report. Brand House Collective reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Brand House Collective Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.55B | 34.96 | ― | 3.35% | 3.35% | 1.97% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | $302.49M | 11.58 | -3.56% | ― | 1.38% | 63.65% | |
47 Neutral | $200.53M | 0.88 | -67.22% | ― | -8.07% | -2206.16% | |
44 Neutral | $21.11M | -2.29 | ― | ― | -10.64% | 37.38% | |
41 Neutral | $18.38M | -0.34 | 184.31% | ― | -7.21% | -1200.27% |
* Consumer Cyclical Sector Average
TBHC
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Brand House Collective Corporate Events
Business Operations and StrategyM&A Transactions
Brand House Collective Merges with Bed Bath & Beyond
Positive
Nov 25, 2025
On November 24, 2025, The Brand House Collective entered into a merger agreement with Bed Bath Beyond, which will result in The Brand House Collective becoming a wholly-owned subsidiary of Bed Bath Beyond. This strategic acquisition aims to crea...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.