Bed Bath & Beyond Inc. (NASDAQ:BBBY) Q2 2019 Earnings Conference Call - Final Transcript
Oct 02, 2019 • 05:00 pm ET
improve the in-store shopping experience; the completion of our initial fleet optimization analysis for Bed Bath & Beyond and the decision to close 40 Bed Bath & Beyond stores and 20 other concept stores this year; our decision to close down one of our least productive e-commerce businesses, and finally, the ongoing evaluation of our business concepts and our real estate holdings.
In summary, as we continue to work toward executing on our business transformation, we remain confident in the strength of our Company and the future of Bed Bath & Beyond. Our teams are moving rapidly to address many near-term opportunities to stabilize the business and lay the foundation for sustainable growth. I want to thank all of our associates for their ongoing dedication and support of the transformation efforts underway.
Before turning to Q&A, let me say a few words about our CEO search. As we said in the recent shareholder letter, substantial progress has been made toward identifying the Company's next permanent CEO. We remain on track and still expect to make an announcement soon.
Now we can open the call for questions.