NEIGHBORHOOD INTELLIGENCE, INC. (NXH, BBBY, BBBYW) – SEC staff letter
2025-11-18 · Re: Bed Bath & Beyond, Inc. Form 10-K for Fiscal Year Ended December 31, 2024 Item 2.02 Form 8-K Dated October 27, 2025 Responses Dated September 29, 2025 and September 18, 2025 · Accession 0000000000-25-010819 · 4 staff comment(s) issued
Company response(s): 2025-12-08
Non-GAAP: Adjustments & LabelsNon-GAAP: Reconciliation & UsefulnessSegment Reporting (ASC 280)Fair Value & InvestmentsErrors, Restatements & Item 4.02Earnings per Share (ASC 260)KPIs, Metrics & Earnings Calls
2025-11-18 · Bed Bath & Beyond, Inc. Form 10-K for Fiscal Year Ended December 31, 2024 Item 2.02 Form 8-K Dated October 27, 2025 Resp · Comment 1 · Note 22. Other Expense, Net, page 77 Awaiting / response not in dataset
Staff comment: Refer to prior comment 3. You indicate in your response that the errors in multiple reporting periods were related to four discrete items. As the quantitative magnitude of the errors increase, it is increasingly difficult for qualitative factors to overcome the quantitative significance of the errors. Please tell us in further detail how you determined the qualitative factors overcame the quantitative significance of the errors to your Operating Income (Loss) in each of the following periods: • fiscal year ended December 31, 2023, • the three and six months ended June 30, 2025 and • the three and six months ended June 30, 2024. Also, it appears in your quantitative analysis that you have…
letter → 2025-11-18 · Bed Bath & Beyond, Inc. Form 10-K for Fiscal Year Ended December 31, 2024 Item 2.02 Form 8-K Dated October 27, 2025 Resp · Comment 3 · 2. Refer to prior comment Awaiting / response not in dataset
Staff comment: You disclose in your segment footnote that your "CODM uses Operating Income (Loss) to evaluate income generated from segment resources in deciding whether to reinvest profits into the retail segment or into other parts of the entity, such as to make acquisitions or investments. The CODM also uses Operating Income (Loss) to monitor budget versus actual results. The monitoring of budgeted versus actual results is used in assessing performance of the segment and in establishing bonus metrics." Please discuss in detail how this process works and incorporate your consideration of the importance of Operating Income (Loss) to your CODM into your materiality assessment. Item 9A. Controls and…
letter → 2025-11-18 · Bed Bath & Beyond, Inc. Form 10-K for Fiscal Year Ended December 31, 2024 Item 2.02 Form 8-K Dated October 27, 2025 Resp · Comment 4 · Non-GAAP Financial Measures and Reconciliations, page 7 Awaiting / response not in dataset
Staff comment: Please address the following as they relate to adjusted diluted net loss per share in prior comment 4: • Confirm that you will disclose prior year comparative information; • Confirm that you will disclose, at a similar level as you provided in your response letter dated September 18, 2025, the reasons why management believes that adjusting for income/loss relating to equity method securities and the gain/loss on debt securities carried at fair value in arriving at adjusted diluted net loss per share provides useful information to investors; and • Confirm that you will present the income tax effect separately from other non- GAAP adjustments as it does not appear that you have done so in…
letter → Full letter on EDGAR → · Filing index · All NEIGHBORHOOD INTELLIGENCE, INC. (NXH, BBBY, BBBYW) correspondence
Non-GAAP: Adjustments & Labels – what to check: Do not exclude normal, recurring cash operating expenses or use individually tailored recognition methods; label measures clearly (C&DI 100.01–100.04).
Non-GAAP: Reconciliation & Usefulness – what to check: Reconcile every non-GAAP measure (including segment-level measures presented outside the ASC 280 note) to the most directly comparable GAAP measure, and explain why it is useful.
Segment Reporting (ASC 280) – what to check: Check ASU 2023-07 significant segment expense disclosure, CODM identification, and that MD&A segment discussion matches the ASC 280 note.
Fair Value & Investments – what to check: Disclose Level 3 valuation techniques and significant unobservable inputs, and support equity-method vs. fair value elections.
Errors, Restatements & Item 4.02 – what to check: Document the SAB 99 materiality analysis for errors and evaluate whether an Item 4.02 8-K is required.
Earnings per Share (ASC 260) – what to check:
KPIs, Metrics & Earnings Calls – what to check:
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