Bed Bath CEO bets on acquisitions to drive future growth

Marcus Lemonis has ne'er been a quiescent operator.

Since taking implicit arsenic CEO of Bed Bath & Beyond connected Jan. 1, helium has been connected a buying spree, snapping up struggling location brands and piecing them unneurotic into thing acold bigger than a housewares retailer.

The question investors are asking: Is this a visionary reinvention, oregon excessively galore moving parts astatine once?

After years of shrinking gross and achy outgo cuts, Bed Bath & Beyond (BBY) tin yet constituent to a number.

First-quarter 2026 gross came successful astatine astir $248 million, up 7% twelvemonth implicit year (or 9.4% erstwhile you portion retired the discontinued Canada operations).

It's the archetypal clip the concern has grown income successful 19 quarters.

Bed Bath & Beyond: from location retailer to home-life ecosystem

To recognize what Lemonis is building, you request to hide the aged Bed Bath & Beyond. He isn't trying to reopen big-box stores and worldly them afloat of bath towels.

The exemplary helium laid retired connected the net telephone is organized astir 3 pillars: an omnichannel retail platform, a products and fiscal services arm, and a location services business.

The thought is simple, adjacent if the execution is complex. The mean homeowner stays successful their location for astir 11 to 12 years.

During that time, they bargain furniture, renovate kitchens, instrumentality retired a mortgage, get location insurance, and yet sell.

Lemonis wants his institution progressive astatine each measurement of that journey.

"We privation to beryllium known going guardant arsenic a information and exertion institution that happens to chopped its teeth successful the location space," Lemonis stated during the net call.

That's a precise antithetic transportation than "buy a ablution curtain."

Lemonis' dealmaking sprint is accelerating

Earlier this quarter, Bed Bath & Beyondclosed its woody to get Kirkland's, picking up astir 240 small-format retail locations.

• It besides unveiled an statement to acquire The Container Store, which brings 100 locations successful premier existent property markets and a built-in location enactment concern with the Elfa and Closet Works brands.

• Beyond retail, Lemonis shared an in-principle woody to get F9 Brands, the genitor of Lumber Liquidators and Cabinets To Go, adding much than $500 cardinal successful yearly revenue.

• He besides revealed plans to get a nationwide web of installation and renovation professionals, arsenic good arsenic a existent property brokerage, a owe company, and a location rubric business.

On the fiscal services side, the company is partnering with Brown & Brown Insurance for location warranties and spot coverage.

More retail:

• Lawsuit unveils large occupation with Costco staple

• After bankruptcy and liquidation, a large retail sanction returns

• Publix adds caller heavyweights to its prepared nutrient lineup