Shares of Bed Bath & Beyond Inc (NYSE: BBBY) are surging this morning, a day after the company reported its Q1 2026 results. Despite the company reporting a loss for the quarter, BBBY stock is significantly higher, as many investors see evidence that the once-iconic home goods retailer’s turnaround efforts are finally showing results. Here’s what you need to know. What’s happened? Yesterday, Bed Bath & Beyond reported first-quarter results for its fiscal year 2026. While many will recognize the company due to its “Bed Bath & Beyond” name, the firm actually owns several businesses under its corporate umbrella, including Bed Bath & Beyond, Overstock, buybuy BABY, Kirkland’s, and Kirkland’s Home. It is also in the process of merging with The Container Store. In the early 2000s, Bed Bath & Beyond was a suburban staple, but in the decades that followed, the company struggled with declining foot traffic as customers shifted their buying habits online. The chain ultimately filed for bankruptcy in 2023, and its IP was bought by Overstock.com shortly after. In early August 2025, the retail partner of Overstock owner Beyond Inc announced that it was reopening the Bed Bath & Beyond chain with a store in Nashville. Shortly after, Beyond Inc changed its name to Bed Bath & Beyond Inc, going all-in on the brand as it worked to turn around its fortunes. Now, it seems that the company’s initiative may be working. In its Q1 earnings report, Bed Bath & Beyond announced that it had achieved its first “significant revenue growth in 19 quarters.” The revenue growth signaled “strong brand awareness among customers,” according to the company. But it also appears to have motivated investors, who have poured money into the company’s shares this morning. Bed Bath & Beyond still didn’t make a profit Announcing the company’s surprising Q1 revenue growth, which totaled $248 million, up 6.9% year-over-year, CEO Marcus Lemonis said that its results “show that the work we’ve been doing to stabilize and rebuild the business is taking hold.”  “We delivered real year-over-year revenue growth, something we haven’t seen meaningfully in several years, while continuing to take costs out of the business and operate more efficiently,” Lemonis continued. “That combination matters.” However, while the company is right to call out its revenue growth—and investors are clearly buoyed by the results—it’s important to note that Bed Bath & Beyond still racked up losses for the quarter. The company achieved a net revenue of $248 million, but it had a net loss of $16 million for the quarter. That equated to a loss per share of 24 cents. At the same time, losses marked a $24 million improvement over the same period a year ago. More stores and a larger retail footprint Despite the better-than-expected Q1 earnings, investors will now likely shift their focus to Bed Bath & Beyond’s immediate future, which is expected to usher in a growing retail footprint for the company’s goods. First up, Bed Bath & Beyond Inc is expected to close its merger with The Container Store this summer. Once that happens, 30% of retail space in Container Store locations will be dedicated to selling Bed Bath & Beyond’s wares, expanding the reach and awareness of the once-beloved, Millennial-nostalgic chain. Additionally, the company will open a dozen combined Container Store and Bed Bath & Beyond locations in California, further expanding its retail footprint, and in a state where the brand once had one of its most loyal customer bases. Whether these moves will have a material impact on Bed Bath & Beyond’s future earnings remains to be seen. But as for today, the company’s stock price is surging, thanks to its Q1 results. As of this writing, BBBY stock is currently up nearly 24% to $6.63 in premarket trading. That is a high the company stock price has not seen since January. As of yesterday’s close at $5.34 per share, BBBY stock had declined by about 2.2% since the year began. But with its nearly 24% jump this morning, the company’s stock price is now significantly in the green for 2026. Over the past 12 months, as of yesterday’s close, BBBY shares had risen 30%.