Bed Bath & Beyond reported earnings results for its fiscal first quarter ended March 16, and the retailer’s Q1 numbers showed a long-awaited return to year-over-year revenue growth.

The home furnishings seller recently reached deals to acquire The Container Store, Lumber Liquidators and Cabinets To Go. Bed Bath & Beyond recorded a net loss of $16 million in Q1. That marked a $24 million improvement from a year ago. In the meantime, Bed Bath & Beyond revenue increased by 6.9% year over year to $247.76 million.

Bed Bath & Beyond ranks No. 71 in the Top 2000 Database. The database ranks North America’s largest online retailers by their annual ecommerce sales and more.

Bed Bath & Beyond revenue growth in Q1 2026

“Notably this was the first quarter of significant revenue growth in 19 quarters, signaling strong brand awareness among customers and improved assortment and realization of investments in customer experience,” said Marcus Lemonis, executive chairman and CEO at Bed Bath & Beyond, in an April 27 letter to the company’s shareholders.

Lemonis mentioned three “pillars” that he sees the retailer relying on to succeed. They include its omnichannel platform, products and financial services platform, and home services platform.

“Our first quarter results show that the work we’ve been doing to stabilize and rebuild the business is taking hold,” said Lemonis in a public statement. “We delivered real year-over-year revenue growth, something we haven’t seen meaningfully in several years, while continuing to take costs out of the business and operate more efficiently.”

Bed Bath & Beyond’s new head of technology

On the same day as its earnings release, Bed Bath & Beyond announced that Kyla Robinson would join the company. She will serve as its new chief technology transformation officer. Robinson brings a decade-and-a-half of digital commerce, product, and technology experience to the retailer. Her past roles include time at Spanx, Nike, Walmart and Saks Fifth Avenue.

Going forward, she will report directly to Amy Sullivan, the president at Bed Bath & Beyond.

“Kyla is a proven technology and product leader who understands how to translate data and AI into real customer outcomes,” Sullivan said. “As we build Everything Home, this is about creating one system that understands the customer, the home, and what comes next.”

Among Robinson’s early priorities, the retailers listed:

• Building a unified data and identity layer, including integration with Bilt
• Advancing AI and customer intelligence to enable predictive, lifecycle-driven engagement
• Modernizing and securing platforms across stores, digital, and services
• Driving product and technology innovation across retail, ecommerce, and the broader home ecosystem

In addition, Lemonis told investors during Bed Bath & Beyond’s earnings call that the company’s ongoing adoption of artificial intelligence (AI) would result in lower headcount. Asked Bed Bath & Beyond had plans to turn Container Store locations into AI data centers, he shot down the idea, but explained where he did expect AI to have an impact as the retailer becomes and “AI-centric business.”

“The answer is no,” Lemonis stated. “We don’t want to play games with having AI be part of our boxes. But what I can tell you definitively is that in our new team member, Kyla, who’s joining our team and Lisa [Foley], who’s now our chief operating officer, the two of them have been insanely focused on eliminating headcount and eliminating costs by layering in AI as part of all of our business.”

Omnichannel plans at Bed Bath & Beyond

During Bed Bath & Beyond’s earnings call with investors, Lemonis explained where he sees the company’s recent acquisitions fitting into its omnichannel ambitions. He specifically mentioned The Container Store, as well as Kirkland’s.

“I think it’s important to delineate the two omnichannel businesses that we have purchased,” Lemonis noted. “Kirkland’s with its small format, what I consider undermarket real estate. Meaning that we believe we acquired leases that are under market, about 230 to 240 of them.”

In addition, he assessed that after visiting “93 of the 100” Container Store locations that his company would take over, there would be opportunities to take different approaches with merchandising.

“Across the 100 locations, there was 2.2 million square feet of retail,” Lemonis stated. “And in my opinion, half of that, maybe slightly more, was wildly underutilized, with triple-facing SKUs with, in my opinion, certain categories far too wide and not deep enough and with an attempt to address certain categories that I felt fell very short.”

Ultimately, Lemonis said that his goal is to take the spaces from generating “an average of about $220 per square foot” to what he expects to be “$500 a square foot within 24 months.” To get there, he wants to achieve “a very good balance between general merchandise and the home services business.”

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