Brand House Collective Reports $3.7M Net Loss in Q3 2025 Amid Store Conversions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
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Source: Newsfilter
- Financial Performance: In Q3 2025, Brand House Collective reported net sales of $103.5 million, a 7.4% decline year-over-year, primarily due to a 6% reduction in store count, indicating challenges during the transformation process.
- Gross Margin Decline: Gross profit was $21.1 million, or 20.4% of net sales, significantly down from 28.1% in the prior year, primarily due to decreased merchandise margins and increased occupancy costs from lower sales.
- Operating Expense Control: Operating expenses for Q3 2025 were $23.1 million, or 22.3% of net sales, a substantial decrease from 30.2% in the previous year, reflecting effective cost management in marketing and employee benefits.
- Merger Outlook: The pending merger with Bed Bath & Beyond is expected to leverage complementary strengths, enhancing long-term growth potential despite current adjustments and losses.
Analyst Views on TBHC
About TBHC
The Brand House Collective, Inc. is a multi-brand merchandising, supply chain and retail operator. The Company manages a portfolio of iconic home and family brands including Beyond Inc.’s Bed Bath & Beyond Home, Bed Bath & Beyond, buybuy Baby, and Overstock. The Company operates approximately 300 stores across 35 states as well as e-commerce site www.bedbathandbeyondhome.com. The Company offers distinctive brand experience, providing curated, high-quality product assortments for every room, every moment, and for every budget. The Company’s merchandise categories include holiday and gifts, furniture, art and wall decor, mirrors, lighting, bed and bath, home decor and pillows, rugs and curtains, kitchen and dining, and outdoors. The art and wall decor includes clocks, frames, wall decorations, and wall organization. Its mirrors include decorative mirrors, framed mirrors, full length mirrors, round mirrors, and sale mirrors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
