Bed Bath & Beyond Q2 net loss widens on acquisition, restructuring costs

• Online marketplace growth - Company said revenue growth reflected continued strength in its base online marketplace business.
• Net loss - Net loss was $39 million, compared with $19 million last year. The current period includes $21 million of special items, primarily acquisition-related costs, restructuring costs and non-cash store-closure impairments.
• Customer engagement - Company cited better engagement, stronger conversion and more frequent orders per customer, attributed to investments in customer experience.
• Acquisitions impact - Inclusion of The Brand House Collective and other acquired brands contributed to revenue growth and increased operating expenses.

US omni-channel retailer's Q2 revenue rose 28% year over year, the second consecutive quarter of growth. The company posted a wider net loss, reflecting acquisition and restructuring costs.

Shares of the company were down about 8% in extended trading.

Company expects continued revenue growth in its base online marketplace and total revenue as acquisitions are integrated. Company believes it can remove more than of annualized cost over the next twelve months.