NYSE$BBBY

Bed Bath & Beyond Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported eighth consecutive quarter of profitability and repurchased shares.

Overstock.com reported its first quarter 2022 financial results, marking the eighth consecutive quarter of profitability. The company's total net revenue was $536 million, a decrease of 19% year over year. Diluted earnings per share were $0.21.

  • Total net revenue was $536 million, a decrease of 19% year over year.
  • Gross profit was $125 million or 23.4% of total net revenue.
  • Diluted earnings per share were $0.21.
  • Cash and cash equivalents totaled $493 million at the end of the first quarter.

Headline financials

Total Revenue

$536M

Previous: $660M-18.8%
EPS (adj)

$0.21

Previous: $0.56-62.5%
Active customers

7.4M

Previous: 9.9M-25.5%
LTM net rev. per cust.

$356.00

Previous: $283.00+25.8%
Orders delivered

2.4M

Previous: 3.6M-33.5%
Average order value

$221.00

Previous: $183.00+20.8%
Orders per active cust.

1.67

Previous: 1.66+0.6%
Capital Expenditures

-$3.26M

Previous: $2.4M-235.9%
Free Cash Flow

$29.9M

Previous: $71.7M-58.2%
Net Income

$10.1M

Previous: $16.1M-37.1%
Operating Income

$12.5M

Previous: $26.6M-53.2%
Gross Profit

$125M

Previous: $154M-18.4%
Cash & Equivalents

$493M

Previous: $535M-7.8%
Total Assets

$1.06B

Previous: $894M+19.1%
Stock-Based Comp

$4.64M

Previous: $2.31M+101.3%

Revenue & EPS history

Beyond · Revenue · Quarterly

$536M

Q1 2022-18.8%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Looking ahead, Overstock believes its unique business model positions it favorably to navigate through various macro scenarios and continue to take market share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.2%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.9%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+63.4%

Q1 2013

Best reaction

-33.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.8%-3.0%+14.4%
Q3 2025+1.9%+1.8%-32.5%
Q2 2025-2.2%-1.7%+14.8%
Q1 2025-0.7%-4.3%+58.1%
Q4 2024+7.4%-7.7%-19.2%
Q3 2024-33.1%-29.1%-39.8%
Q2 2024-11.2%-24.8%-26.1%
Q1 2024-25.9%-24.3%-31.8%
Q4 2023+2.6%+13.2%+33.3%
Q3 2023-9.0%+2.0%+3.8%
Q2 2023+12.5%+19.2%-20.5%
Q1 2023+12.7%+10.7%+0.1%
Q4 2022-1.8%-5.9%-7.5%
Q3 2022-2.5%-10.2%-0.9%
Q2 2022+2.5%+2.4%-7.7%
Q1 2022+6.8%+20.2%+2.8%
Q4 2021+45.4%+56.1%+28.5%
Q3 2021+23.4%+31.4%+19.5%
Q2 2021-7.6%-9.7%-2.5%
Q1 2021+15.1%+10.5%+20.6%
Q4 2020-20.4%-17.1%-25.6%
Q3 2020-22.1%-16.1%-3.7%
Q2 2020+24.4%+35.7%+59.6%
Q1 2020-0.8%+16.7%+52.1%
Q4 2019-22.3%-7.0%+118.2%
Q3 2019-13.7%-11.6%-21.8%
Q2 2019+14.0%-6.8%-23.5%
Q1 2019+14.1%+6.8%-21.4%
Q4 2018-5.9%-9.9%-24.1%
Q3 2018-16.4%-13.6%-15.6%
Q2 2018+12.7%-11.0%-29.6%
Q1 2018-5.3%-2.9%-8.1%
Q4 2017-5.8%-4.2%-22.9%
Q3 2017+29.5%+39.2%+11.4%
Q2 2017+10.0%+10.3%+54.2%
Q1 2017-9.1%-10.9%-15.5%
Q4 2016+5.4%+1.2%+10.8%
Q3 2016+11.0%+13.5%+18.5%
Q2 2016-2.3%-2.3%-6.6%
Q1 2016+0.1%
Q4 2015+18.9%
Q3 2015-20.3%
Q2 2015+5.0%
Q1 2015-12.7%
Q4 2014-2.3%
Q3 2014+18.5%
Q2 2014+18.8%
Q1 2014-13.0%
Q4 2013-26.0%
Q3 2013-11.1%
Q2 2013+14.7%
Q1 2013+63.4%
Q4 2012+6.9%
Q3 2012+41.6%
Q2 2012-0.5%
Q1 2011+8.0%
Q1 2012+1.5%
Q4 2011-14.5%
Q4 2009-14.5%
Q3 2010-4.5%
Q3 2011-4.5%
Q4 2010-15.0%
Q2 2011-15.0%
Q2 2010-15.0%
Q1 2010+23.4%

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