Bed bath & beyond inc. reports fiscal 2022 first quarter results (ending may 28th, 2022)

Net sales of $1,463m; comparable sales of (23)% consistent with early quarter trends as previously shared gaap gross margin of 23.9%; adjusted gross margin of 23.8% including 840bps impact from transient costs related to inventory markdown reserves and port-related supply chain fees excluding the two aforementioned impacts, q1 adjusted gross margin of 32.2% announcing aggressive actions on inventory, cost and capex union, n.j. , june 29, 2022 /prnewswire/ -- bed bath & beyond inc. (nasdaq: bbby) today reported financial results for the first quarter of fiscal 2022 ended may 28, 2022.
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