Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York.Mark Kauzlarich | Bloomberg | Getty ImagesBed Bath & Beyond reported Wednesday fiscal second quarter profits that beat analyst estimates but fell short on revenue and same-store sales.Here’s what the company reported compared with what Wall Street expected, based on a survey of analysts by Refinitiv:Adjusted earnings per share: 34 cents vs. 27 cents expectedRevenue: $2.72 billion vs. $2.752 billion expectedSame-store sales: down 6.7% vs. down 5.44% expectedThe company also said that it “has made substantial progress toward identifying a permanent CEO” and expects that it will make an announcement soon. Steven Temares resigned from the top job in May, and was succeeded in the interim by Mary Winston.Bed Bath & Beyond shares were recently down more than 1% in extended trading.”Our second quarter financial results reflect the relentless effort of our teams and our progress in driving the Company’s transformation efforts to delight our customers, enhance our competitive position, improve our financial performance, and drive shareholder value,” Winston said in a statement. The company has focused on four key near-term priorities, to turnaround its business including: stabilizing sales and driving top-line growth; resetting the cost structure; reviewing and optimizing its asset base, including the portfolio of retail banners; and refining its organization structure. It swung to a net loss of $138.7 million, or $1.12 a share, compared with profit of $48.6 million, or 36 cents a share, a year earlier. Adjusted for one-time items, the retailer earned 34 cents a share, topping estimates of 27 cents per share, from a Refinitiv survey. Same-store sales fell 6.7%, while analysts had expected a 5.44% decline.The home goods retailer expects its outlook for the fiscal year to be in line with its previous guidance, or $11.4 billion in sales and earnings of between $2.08 and $2.13 per share. Bed Bath & Beyond has long been trying to climb out of a deep hole of excess inventory and chaotic discounting and stores. For the tenth-straight quarter, same-store sales declined, as the retailer continues to lose relevancy and leaves investors wondering if it has a future. Its stock has fallen 28% in the past year, with a market value of $1.2 billion.But in the past few months, a revamped board has been seeking to change that. In April 2019, a trio of activist investors urged the company to overhaul the board in order to “stem the tide of value destruction.” Some analysts are optimistic about the structural changes. On Monday, WedBush upgraded the company to outperform from neutral. It said improved governance and a plan to declutter stores before the holiday season has led to “a good chance of stabilization — if not growth — in earnings over the next two years,” analyst Seth Basham wrote.Bed Bath & Beyond’s plans to sell off its non-core assets, such as Buy Buy Baby and Cost Plus World Market, also might be a bright spot in its future. Basham estimates all of its non-core and real estate assets combined would be worth about $1.7 billion.On Tuesday, the company also launched a gift experiences option to its wedding registry category, following the footsteps of Target. The option allows consumers to choose an experience such as outdoor getaways and spa visits to their registries.