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The update indicates that revenue for Bed Bath & Beyond has experienced a low-double-digit percentage decline year-over-year since July 1.
Here are some key highlights from the update:
“Our U.S. business launched successfully on August 1. Consumers are showing that they love the new Bed Bath & Beyond,” said Jonathan Johnson, CEO of the new Bed Bath & Beyond.
“Even in a challenging macro-economic environment, we acquired new customers and re-activated past customers. Our topline performance is improving steadily. We have experienced year-over-year order growth since the U.S. launch, led by orders from new customers.”
