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Fortune
Fortune
Chloe Taylor

Busted meme stock Bed Bath & Beyond admits it's on the brink of bankruptcy

A general view of a Bed Bath & Beyond store on September 15, 2022 in Westbury New York, United States. (Credit: Bruce Bennett/Getty Images)

It was an ailing homeware retailer that became a star among amateur traders last year when it was designated a so-called meme stock—but troubled company Bed Bath & Beyond conceded, again, on Thursday that it isn’t in good financial shape.

Bed Bath & Beyond said in a business update that it was considering its options amid uncertainty around whether it could continue to fund many of its operations.

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