Core Insights - The Brand House Collective reported a net sales decline to $103.5 million in Q3 2025 from $114.4 million in the same quarter last year, while narrowing losses significantly [1] - The company experienced a 7.4% drop in consolidated comparable sales and a 6% reduction in store numbers [1] Financial Performance - Gross profit decreased to $21.1 million, representing 20.4% of net sales, down from $32.1 million or 28.1% in Q3 2024, primarily due to weaker merchandise margins and fixed store occupancy costs [2] - The adjusted net loss widened to $13.6 million, or $0.61 per diluted share, compared to an adjusted net loss of $3.8 million, or $0.29 per diluted share, a year earlier [3] - Adjusted EBITDA moved to a loss of $9.9 million, contrasting with an adjusted EBITDA income of $0.5 million in the same period of 2024 [3] Operating Expenses and Cost Management - Operating expenses totaled $23.1 million, representing 22.3% of net sales, down from $34.5 million or 30.2% of net sales a year earlier, attributed to lower marketing expenditure and reduced self-insured employee benefit costs [3][4] - A $10.0 million gain from the sale of the Kirkland's brand to Beyond contributed to the reduction in operating expenses [4] Store Operations and Inventory - The company closed three Kirkland's Home stores and converted three into Bed Bath & Beyond Home stores, ending the period with 303 Kirkland's Home stores and three Bed Bath & Beyond Home stores [4] - Inventory decreased to $88.9 million as of November 1, 2025, down from $111.2 million a year earlier [4] Cash and Debt Position - Cash amounted to $6.5 million, with outstanding debt of $61.6 million and $5.8 million in letters of credit under the senior secured revolving credit facility [5] - The Brand House Collective operates over 300 stores across 35 US states and manages a portfolio of home and family brands through its e-commerce operations [5]

Core Insights - The Brand House Collective is undergoing transformation efforts in anticipation of its acquisition by Bed Bath & Beyond, which is expected to enhance its retail capabilities and growth potential [2][3] Company Overview - The Brand House Collective's CEO, Amy Sullivan, expressed optimism about the ongoing transformation and the strategic inventory optimization supporting the store conversion program [2][3] - The acquisition by Bed Bath & Beyond is valued at approximately $26.8 million and is expected to close in Q1 of 2026, pending shareholder approval and lender consent [3] Financial Performance - In Q3, The Brand House Collective reported a net sales decline of 9.6% year over year, totaling $103.5 million, attributed to a 7.4% drop in consolidated comparable sales and a 6% reduction in store count [5] - Store comparable sales increased by 1.7%, while e-commerce sales saw a significant decline of 34.6% [5] - The company improved its net loss from $7.7 million in the previous year to $3.7 million in the latest quarter, with operating expenses decreasing by 33% to $23.1 million [5] Strategic Initiatives - The merger is expected to lead to the closure of over 40 stores in early 2026 and aims for $20 million in cost reductions [4] - The relationship between The Brand House Collective and Bed Bath & Beyond began in October 2024, with Kirkland's operating five small-format Bed Bath & Beyond stores [4]

Nov 14, 2025 4:35 PM Eastern Standard Time Bed Bath & Beyond, Inc. Announces Employee Inducement Grant Share MURRAY, Utah--(BUSINESS WIRE)--Bed Bath & Beyond, Inc. (NYSE: BBBY) (the "Company†), owner of Bed Bath & Beyond, Overstock, buybuy BABY, and a blockchain asset portfolio, today announced that the Compensation Committee of the Company's Board of Directors approved a grant of restricted stock units ("RSUs†) covering 116,686 shares of the Company's common stock and a grant of performance stock units ...

Core Viewpoint - The Brand House Collective, Inc. will release its financial results for Q2 2025 on September 16, 2025, and will host a conference call to discuss these results [1]. Company Overview - The Brand House Collective, Inc., formerly known as Kirkland's, Inc., operates as a multi-brand merchandising, supply chain, and retail operator, managing a portfolio that includes Kirkland's Home and Bed Bath & Beyond brands [4]. - The company currently operates over 300 stores across 35 states and has e-commerce platforms at www.kirklands.com and www.bedbathandbeyondhome.com, offering curated, high-quality product assortments [4].