Bed Bath & Beyond to Announce Business, Strategic Update

Bed Bath & Beyond Inc. will hold a conference call to provide a business and strategic update on Aug. 31 at 8:15 a.m. EDT. 

“We recognize the strong interest in our company and our plans to better serve customers, recapture market share, drive growth and profitability, ensure our vendors are supported, and strengthen our balance sheet,” said Sue Gove, director and interim CEO. “We look forward to providing an update on our business next week, including a preview of strategies and changes being implemented across the enterprise to deliver results for all stakeholders.

Bed Bath & Beyond Inc.’s strategic update conference call may be accessed by dialing 1-404-400-0571, or if international, 1-866-374-5140, and entering passcode ID number 58295059#.  A live audio webcast of the conference call, along with the press release, will also be available on the Investor Relations section of our website at http://bedbathandbeyond.gcs-web.com/investor-relations.  The webcast will be available for replay after the call. 

In late June, amid a Q1 sales decline of 25 percent, Bed Bath & Beyond Inc. made significant changes to its senior leadership to focus on reversing recent results, addressing supply chain and inventory and strengthening its balance sheet. Gove, an independent director on the company’s board of directors and chair of the board’s strategy committee, was named interim CEO, replacing Mark Tritton, who left his role as president and CEO and as a member of the board.

The company named Mara Sirhal as executive vice president and chief merchandising officer, replacing Joe Hartsig, who left the company.

In addition, Bed Bath & Beyond Inc. also named Laura Crossen as senior vice president of finance and chief accounting officer, and Susie A. Kim as senior vice president of treasury and investor relations.

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