Added to YB: 2024-05-14
Pitch date: 2024-05-14
BYON [bearish]
Bed Bath & Beyond, Inc.
+67.83%
current return
Author Info
@smantel is an ex-sell side analyst with a focus on fundamental research. Follow him on Twitter.
Company Info
Bed Bath & Beyond, Inc. operates as an e-commerce affinity marketing company in the United States and Canada.
Market Cap
$406.2M
Pitch Price
$19.68
Price Target
17.00 (+169%)
Dividend
N/A
EV/EBITDA
-1.76
P/E
-2.24
EV/Sales
0.25
Sector
Specialty Retail
Category
turnaround
Is Beyond, Inc. Headed for a Decline?
$BYON short at $20: Q1 revenue flat but margins -27% on heavy discounting; active customers +26% but avg order value -21%, avg orders/customer -10%; burned $34M of $231M cash, EBITDA -$48M vs +$3.4M YA; retail headwinds, low 7% SI limits squeeze risk; PT $17 as Roaring Kitty meme bounce fades despite Lemonis' turnaround potential
Read full article (1 min)