Bed Bath & Beyond Warns of Potential Bankruptcy

January 5, 2023 | The Toy Association is alerting members that Bed Bath & Beyond issued a business update today, which concluded that “there is substantial doubt about the Company's ability to continue.”

Bed Bath & Beyond is expected to report its third quarter 2022 results (ended November 26, 2022) next week, but anticipates a net loss of $385.8 million, compared to a net loss of $276.4 million in the same period the prior year.

The company says that it will pursue actions to improve its cash position and will consider strategic alternatives, including restructuring, selling assets, reducing the company’s business activities, or filing for bankruptcy.

The Toy Association is monitoring this issue and will keep members apprised of any updates.