Breaking: Nasdaq Warns Bed Bath & Beyond of Delayed Quarterly Report

Bed Bath & Beyond Inc. has received a notice dated Jan 12 from The Nasdaq Stock Market LLC stating that the company is not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) because the company has not yet filed its quarterly report on Form 10-Q for the period that ended Nov. 26, 2022, with the Securities and Exchange Commission.

The notice has no immediate effect on the listing or trading of the company’s common stock on the Nasdaq Global Select Market, according to a press release. The notice states that the company has 60 calendar days from the date of the notice, or March 13, 2023, to submit a plan to regain compliance with the listing rule.

If Nasdaq accepts the company’s plan to regain compliance, then Nasdaq may grant the company up to 180 calendar days from the prescribed due date of the quarterly report, or July 10, 2023, to file the report to regain compliance.

The company continues to work diligently to finalize its quarterly report and plans to file it as promptly as possible to regain compliance with the listing rule, according to the press release.

On Jan. 19, the day the company released this news, which it was required to, Bed Bath & Beyond closed at $3.79, down 0.15 (-3.81%).

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