NYSE$BBBY

Bed Bath & Beyond Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong financial results despite lapping the highest sales growth quarter since 2004.

Overstock reported a decrease of 4% year over year in total net revenue, amounting to $689 million. Diluted earnings per share was $0.63. The company's asset-light structure and broadly distributed supply chain helped navigate the current high-demand and low-supply market.

  • Total net revenue was $689 million, a decrease of 4% year over year.
  • Gross profit was $157 million or 22.7% of total net revenue.
  • Diluted earnings per share was $0.63.
  • Active customers were 8.7 million, an increase of 5% year over year.

Headline financials

Total Revenue

$689M

Previous: $732M-5.8%
EPS (adj)

$0.54

Previous: $0.50+8.0%
Active customers

8.7M

No prior period
LTM net rev. per cust.

$325.00

No prior period
Orders delivered

3.2M

No prior period
Average order value

$214.00

No prior period
Orders per active cust.

1.68

No prior period
Capital Expenditures

$4.04M

No prior period
Free Cash Flow

-$24M

No prior period
Net Income

$30.4M

Previous: $23.4M+30.1%
Operating Income

$28.8M

Previous: $29.5M-2.4%
Gross Profit

$157M

Previous: $171M-8.2%
Cash & Equivalents

$512M

Previous: $530M-3.3%
Total Assets

$1.06B

Previous: $843M+26.3%
Stock-Based Comp

$2.54M

Previous: $2.62M-3.1%

Revenue & EPS history

Beyond · Revenue · Quarterly

$689M

Q3 2021-5.8%vs Q3 2020
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Overstock remains committed to delivering sustainable, profitable market share growth through the remainder of 2021 and beyond.

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 Q3 2021

Historical avgQ3 2021

+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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