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Bed Bath & Beyond Inc (BBBY.OQ)

BBBY.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Bed Bath & Beyond Inc - On July 27, Commenced A Workforce Reduction As Part Of Company's Cost Restructuring Program
Thursday, 30 Jul 2020 

July 29 (Reuters) - Bed Bath & Beyond Inc ::BED BATH & BEYOND INC - ON JULY 27, COMMENCED A WORKFORCE REDUCTION AS PART OF COMPANY'S COST RESTRUCTURING PROGRAM.BED BATH & BEYOND - SEES ABOUT $100 TO $150 MILLION IN PLANNED ANNUAL SELLING, GENERAL & ADMINISTRATIVE EXPENSE SAVINGS DUE TO COST RESTRUCTURING PROGRAM.  Full Article

Bed Bath & Beyond Says For Q1, Recorded $80.4 Mln Of Non-Cash Pre-Tax Impairment Charges Within Goodwill, Other Impairments For Certain Store-Level Assets
Thursday, 9 Jul 2020 

July 8 (Reuters) - Bed Bath & Beyond Inc ::BED BATH & BEYOND - FOR Q1, RECORDED $80.4 MILLION OF NON-CASH PRE-TAX IMPAIRMENT CHARGES WITHIN GOODWILL,OTHER IMPAIRMENTS FOR CERTAIN STORE-LEVEL ASSETS.  Full Article

Bed Bath & Beyond Says Post Q1 Sees Favorable Response To Store Re-Openings
Thursday, 9 Jul 2020 

July 8 (Reuters) - Bed Bath & Beyond Inc ::BED BATH & BEYOND SAYS POST Q1 SEES FAVORABLE RESPONSE TO STORE RE-OPENINGS; DIGITAL DEMAND REMAINS STRONG - PRESENTATION.  Full Article

Bed Bath & Beyond Reports Q1 Adj Loss Per Share Of $1.96 Excluding Items
Thursday, 9 Jul 2020 

July 8 (Reuters) - Bed Bath & Beyond Inc ::REPORTS RESULTS FOR FISCAL 2020 FIRST QUARTER.Q1 ADJUSTED LOSS PER SHARE $1.96 EXCLUDING ITEMS.Q1 LOSS PER SHARE $2.44.Q1 EARNINGS PER SHARE ESTIMATE $-1.21 -- REFINITIV IBES DATA.Q1 SALES $1.3 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.34 BILLION.QUARTER-END CASH AND INVESTMENTS OF APPROXIMATELY $1.2 BILLION.BED BATH & BEYOND - Q1 NET SALES DECREASED 49% DUE TO TEMPORARY STORE CLOSURES.BED BATH & BEYOND - Q1 NET SALES FROM DIGITAL CHANNELS GREW 82% AND REPRESENTED NEARLY TWO-THIRDS OF TOTAL NET SALES.BED BATH & BEYOND - PLANS TO CLOSE ABOUT 200 MOSTLY BED BATH & BEYOND STORES OVER NEXT 2 YRS UNDER REAL ESTATE AND FLEET OPTIMIZATION STRATEGIES.BED BATH & BEYOND - EXPECTS ACTIONS FROM COST RESTRUCTURING PROGRAM TO GENERATE FUTURE ANNUALIZED SAVINGS OF BETWEEN $250 AND $350 MILLION.ENDED Q1 WITH APPROXIMATELY $1.2 BILLION IN CASH AND INVESTMENTS.BED BATH & BEYOND - ANNUALIZED SAVINGS OF BETWEEN $250 MILLION AND $350 MILLION ARE EXCLUDING ONE TIME COSTS.BED BATH & BEYOND - NOT PROVIDING FINANCIAL GUIDANCE FOR 2020 DUE TO CONTINUED UNCERTAINTY RELATED TO IMPACT OF COVID-19 PANDEMIC.NEARLY ALL STORES NOW OPEN.BED BATH & BEYOND - NOT REPORTING QTRLY COMPARABLE SALES DUE TO TEMPORARY STORE CLOSURES.BED BATH & BEYOND - BELIEVES IT HAS A STRONG FINANCIAL POSITION TO MANAGE THROUGH THESE UNCERTAIN TIMES.  Full Article

Bed Bath Announces $850 Mln Asset-Based Revolving Credit Facility
Monday, 22 Jun 2020 

June 22 (Reuters) - Bed Bath & Beyond Inc ::BED BATH & BEYOND ANNOUNCES $850 MILLION ASSET-BASED REVOLVING CREDIT FACILITY.BED BATH & BEYOND INC - COMPANY NOW EXPECTS NEARLY ALL STORES TO RE-OPEN BY JULY 2020.BED BATH & BEYOND INC - STRENGTHENS LIQUIDITY AND LONG-TERM FINANCIAL POSITION.BED BATH & BEYOND INC - BOPIS AND CONTACTLESS SERVICES EXTENDED TO VAST MAJORITY OF STORES.BED BATH & BEYOND - ABL FACILITY EXPIRES IN JUNE 2023,REPLACES EXISTING UNSECURED REVOLVING CREDIT FACILITY ALLOWING FOR BORROWINGS UP TO $250 MILLION.BED BATH & BEYOND INC - EXPECTS ABOUT 95% OF ITS TOTAL STORE FLEET TO RE-OPEN BY END OF THIS WEEK & NEARLY ALL STORES TO RE-OPEN BY JULY 2020.  Full Article

Bed Bath & Beyond Announces Plan To Re-Open Stores And Expand Roll-Out Of Store Fulfillment
Friday, 22 May 2020 

May 22 (Reuters) - Bed Bath & Beyond Inc ::BED BATH & BEYOND ANNOUNCES PLAN TO RE-OPEN STORES AND EXPAND ROLL-OUT OF STORE FULFILLMENT.BED BATH & BEYOND INC - APPROXIMATELY 600 MORE STORES WILL OPEN TO PUBLIC ACROSS NORTH AMERICA.BED BATH & BEYOND INC - CONTACTLESS CURBSIDE PICKUP EXPANDED TO APPROXIMATELY 1,350 LOCATIONS.BED BATH & BEYOND INC - BRING ABOUT 11,000 ASSOCIATES BACK FROM FURLOUGH AS STORES RE-OPEN TO PUBLIC AND SERVICES ARE EXPANDED ACROSS N. AMERICA.BED BATH & BEYOND - WILL CONTINUE TO PAY 100% OF COST OF HEALTHCARE PREMIUMS FOR ALL FURLOUGHED ASSOCIATES.BED BATH & BEYOND INC - EXTEND FURLOUGH OF MAJORITY OF STORE ASSOCIATES AND A PORTION OF CORPORATE ASSOCIATES UNTIL AT LEAST JUNE 13.  Full Article

Bed Bath & Beyond Extends Furlough Of Majority Of Store Associates Until At Least May 30
Saturday, 9 May 2020 

May 8 (Reuters) - Bed Bath & Beyond Inc ::BED BATH & BEYOND PROVIDES FURTHER RESPONSE TO COVID-19.BED BATH & BEYOND INC - CONTACTLESS CURBSIDE PICKUP EXPANDED TO APPROXIMATELY 750 LOCATIONS.BED BATH & BEYOND INC - MEASURED APPROACH TO RE-OPEN STORES TO PUBLIC EXPECTED TO BEGIN IN LATE MAY.BED BATH & BEYOND INC - EXPECTS MAJORITY OF STORES ACROSS ITS RETAIL BANNERS TO REMAIN CLOSED TO PUBLIC UNTIL AT LEAST MAY 30.BED BATH & BEYOND INC - EXPAND BOPIS AND CONTACTLESS CURBSIDE PICKUP SERVICES TO AT LEAST 200 ADDITIONAL LOCATIONS.BED BATH & BEYOND INC - WILL CONTINUE TO PAY 100% OF COST OF HEALTHCARE PREMIUMS FOR ALL FURLOUGHED ASSOCIATES.BED BATH & BEYOND INC - WILL ALSO EXTEND FURLOUGH OF MAJORITY OF STORE ASSOCIATES AND A PORTION OF CORPORATE ASSOCIATES UNTIL AT LEAST MAY 30.  Full Article

Bed Bath & Beyond - Continue To Temporarily Reduce Salaries By 30% Across Executive Team
Saturday, 25 Apr 2020 

April 24 (Reuters) - Bed Bath & Beyond Inc ::BED BATH & BEYOND PROVIDES FURTHER RESPONSE TO COVID-19.BED BATH & BEYOND INC - FURTHER EXTENDING TEMPORARY CLOSURE OF THESE STORES UNTIL AT LEAST MAY 16, 2020..BED BATH & BEYOND INC - EXPANDING NETWORK OF LOCATIONS CUSTOMERS CAN BUY-ONLINE-PICK-UP-IN-STORE.BED BATH & BEYOND INC - CONVERTED ABOUT 25% OF ITS STORES ACROSS US AND CANADA INTO REGIONAL FULFILLMENT CENTERS.BED BATH & BEYOND INC - WILL ALSO EXTEND FURLOUGH OF MAJORITY OF STORE ASSOCIATES AND A PORTION OF CORPORATE ASSOCIATES UNTIL AT LEAST MAY 16.BED BATH & BEYOND INC - COMPANY WILL CONTINUE TO PAY 100% OF COST OF HEALTHCARE PREMIUMS FOR ALL FURLOUGHED ASSOCIATES.BED BATH & BEYOND INC - WILL ALSO CONTINUE TO TEMPORARILY REDUCE SALARIES BY 30% ACROSS EXECUTIVE TEAM.BED BATH & BEYOND INC - WILL EXTEND BOPIS AND CONTACTLESS, CURBSIDE DELIVERY SERVICES TO CUSTOMERS AT SOME BED BATH & BEYOND STORES IN U.S..  Full Article

Bed Bath & Beyond Reports Results For Fiscal 2019 Q4 And Full Year
Thursday, 16 Apr 2020 

April 15 (Reuters) - Bed Bath & Beyond Inc ::. REPORTS RESULTS FOR FISCAL 2019 FOURTH QUARTER AND FULL YEAR.Q4 ADJUSTED EARNINGS PER SHARE $0.38 EXCLUDING ITEMS.Q4 LOSS PER SHARE $0.53.FISCAL Q4 NET SALES DECREASE 6.1%; COMPARABLE SALES DECREASE 5.6%.FISCAL Q4 COMPARABLE SALES FROM STORES DECREASE 10%; COMPARABLE SALES FROM DIGITAL CHANNELS INCREASE 16%.SUSPENDED PRIOR PLANS TO SPEND UP TO $600 MILLION IN FISCAL 2020 FOR SHARE REPURCHASES, FUTURE DIVIDENDS, AND DEBT REDUCTION.BED BATH & BEYOND - DURING FISCAL 2019 Q4, DID NOT UNDERTAKE ANY OPEN MARKET SHARE REPURCHASE ACTIVITY.COMPANY'S Q1 AND FULL-YEAR 2020 RESULTS WILL BE UNFAVORABLY IMPACTED BY COVID-19 PANDEMIC.BED BATH & BEYOND - ON APRIL 2, EXTENDED TEMPORARY CLOSURE OF ALL RETAIL BANNER STORES ACROSS US, CANADA, OTHER THAN BUYBUY BABY, HARMON FACE VALUES STORES UNTIL MAY 2.COMPANY WILL NOT PROVIDE FINANCIAL GUIDANCE FOR FISCAL 2020 AT THIS TIME.PRIORITIZING APPROXIMATELY $250 MILLION IN ESSENTIAL CAPITAL EXPENDITURES TO DRIVE STRATEGIC GROWTH PLANS.NET SALES FOR THE FISCAL 2019 FOURTH QUARTER WERE $3.1 BILLION, A DECREASE OF 6.1% COMPARED TO THE PRIOR YEAR PERIOD.BED BATH & BEYOND- RETAIL INVENTORIES OF $2.0 BILLION (AT COST) REFLECTED A REDUCTION OF APPROXIMATELY 20% OR $516 MILLION (AT COST), DURING FISCAL 2019 Q4.Q4 REVENUE VIEW $3.07 BILLION -- REFINITIV IBES DATA.CASH AND INVESTMENTS BALANCE AT END OF 2019 INCREASE 39% TO APPROXIMATELY $1.4 BILLION.  Full Article

1-800-Flowers.Com Says Bed Bath & Beyond Filed Lawsuit; Co To Defend Itself
Friday, 3 Apr 2020 

April 3 (Reuters) - 1-800-Flowers.Com Inc ::1-800-FLOWERS.COM - REQUESTED REASONABLE DELAY IN CLOSING OF ACQUISITION OF PERSONALIZATIONMALL.COM, LLC UNTIL APRIL 30.1-800-FLOWERS.COM - BED BATH & BEYOND, PARENT COMPANY OF PMALL, RESPONDED TO REQUEST BY FILING LAWSUIT ON APRIL 1.1-800-FLOWERS.COM INC - STILL DESIRES TO PROCEED WITH TRANSACTION, BUT MAINTAIN THAT CONDITIONS TO CLOSING TRANSACTION HAVE NOT BEEN SATISFIED.1-800-FLOWERS.COM INC - INTENDS TO DEFEND ITSELF AGAINST THIS LAWSUIT.  Full Article

BRIEF-Bed Bath & Beyond Inc Says CEO's 2019 Total Compensation Was $13.8 Mln

* BED BATH & BEYOND INC SAYS CEO MARK TRITTON'S 2019 TOTAL COMPENSATION WAS $13.8 MILLION - SEC FILING