BED BATH & BEYOND INC. TO PROVIDE STRATEGIC UPDATE ON AUGUST 31, 2022

Rhea-AI Summary

Bed Bath & Beyond will hold a strategic update conference call on August 31, 2022, at 8:15am EDT. This call aims to discuss the company's plans to enhance customer service, recapture market share, and improve profitability. Interim CEO Sue Gove emphasized the commitment to support vendors and strengthen the company's balance sheet. Interested parties can join via phone or a live audio webcast, accessible on the company's Investor Relations website. A press release will precede the call by about 45 minutes.

Positive

• Announcement of a strategic update call indicating active business planning.
• Intention to enhance customer service and recapture market share.

Negative

• Lack of specific details regarding strategic changes or performance metrics in the announcement.

UNION, N.J., Aug. 25, 2022 /PRNewswire/ -- Bed Bath & Beyond Inc. (NASDAQ: BBBY) today announced that, as previously stated, it will hold a conference call to provide a business and strategic update on August 31, 2022 at 8:15am EDT.  A press release and related materials will be issued approximately 45 minutes prior to the start of the conference call.

Sue Gove, Director and Interim Chief Executive Officer, commented: "We recognize the strong interest in our company and our plans to better serve customers, recapture market share, drive growth and profitability, ensure our vendors are supported, and strengthen our balance sheet. We look forward to providing an update on our business next week, including a preview of strategies and changes being implemented across the enterprise to deliver results for all stakeholders."

Strategic Update Call and Presentation
Bed Bath & Beyond Inc.'s strategic update conference call may be accessed by dialing 1-404-400-0571, or if international, 1-866-374-5140, and entering passcode ID number 58295059#.  A live audio webcast of the conference call, along with the press release, will also be available on the Investor Relations section of our website at http://bedbathandbeyond.gcs-web.com/investor-relations.  The webcast will be available for replay after the call. 

About the Company
Bed Bath & Beyond Inc. and subsidiaries (the "Company") is an omnichannel retailer that makes it easy for our customers to feel at home. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.

The Company operates websites at bedbathandbeyond.com, bedbathandbeyond.ca, buybuybaby.com, buybuybaby.ca, harmondiscount.com, facevalues.com, and decorist.com.

View original content:https://www.prnewswire.com/news-releases/bed-bath--beyond-inc-to-provide-strategic-update-on-august-31-2022-301612774.html

SOURCE Bed Bath & Beyond

FAQ

What is the date and time of Bed Bath & Beyond's strategic update call?

The strategic update call is scheduled for August 31, 2022, at 8:15am EDT.

Who is the Interim CEO of Bed Bath & Beyond?

The Interim CEO of Bed Bath & Beyond is Sue Gove.

How can I access the Bed Bath & Beyond strategic update call?

The call can be accessed by dialing 1-404-400-0571 or via a live audio webcast on the Investor Relations section of their website.

What topics will be discussed in the Bed Bath & Beyond strategic update?

The update will cover plans to enhance customer service, recapture market share, and improve profitability.

Will a press release be issued before the Bed Bath & Beyond strategic update call?

Yes, a press release and related materials will be issued approximately 45 minutes prior to the call.