Bed Bath & Beyond Stock Is Getting Slammed. Management Sees Potential Loss.

4 months ago 43
PR Distribution

Updated Jan. 6, 2022 9:23 americium ET / Original Jan. 6, 2022 9:04 americium ET

  • Order Reprints
  • Print Article

Shares of Bed Bath & Beyond dropped astir 11% aft the company’s fiscal results fell abbreviated of analysts’ expectations and absorption warned of a imaginable nonaccomplishment for the afloat year, amid unit from promotions, store traffic, and supply-chain crunches.

The company, which was down 10.8% to $13.36 successful premarket trading, posted a nett nonaccomplishment of $276 cardinal for its fiscal 3rd quarter, ended Nov. 27. The retailer reported an adjusted nonaccomplishment of 25 cents a share, portion the statement telephone among analysts tracked by FactSet was for...

Read Entire Article