SEC filing indicates Bed Bath and Beyond may go out of business

Bed Bath and Beyond, which has a Joplin store at 409 S. Geneva, may go out of business, according to a filing today with the Securities and Exchange Commission.

The Company expects to report net loss of approximately $385.8 million for the three months ended November 26, 2022 compared to net loss of $276.4 million for the three months ended November 27, 2021. The expected net loss for the quarter ended November 26, 2022 includes approximately $100.0 million of impairment charges which are subject to further review and potential adjustment.

While the Company continues to pursue actions and steps to improve its cash position and mitigate any potential liquidity shortfall, based on recurring losses and negative cash flow from operations for the nine months ended November 26, 2022 as well as current cash and liquidity projections, the Company has concluded that there is substantial doubt about the Company’s ability to continue as a going concern.