AlixPartners will replace Berkeley Research Group, which Bed Bath & Beyond had been reportedly working with since the middle of last year. The home furnishings retailer has already been working on restructuring efforts with a separate law firm and investment banker.
The company reported a quarterly adjusted net loss of $3.65 per share, which missed estimates for a loss of $2.11 per share.
Although Bed Bath & Beyond moved quickly to act on its turnaround plans, the company said inventory remained constrained during the quarter, and it failed to achieve its goals.
On the conference call following the release, CEO Sue Gove told analysts and investors the company continues to work with advisers to consider all strategic alternatives.
Multiple paths are being explored, and the next steps are expected to be determined "in a timely manner," Gove said: "We are implementing our plan expeditiously while managing our financial position in a changing landscape."
Related Link: Bed Bath & Beyond Stock Rallies Despite Q3 Earnings Miss: What Did Retailer's CEO Say On Conference Call?
BBBY Price Action: Bed Bath & Beyond has a 52-week high of $30.06 and a 52-week low of $1.27.
The stock was down 1.93% in after-hours at $2.02 at the time of publication, according to Benzinga Pro.
Photo: Mike Mozart from Flickr.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
