Bed Bath & Beyond needs a miracle


After a grim series of events, Bed bath and beyond needs nothing less than a holiday miracle. The question is: Who will deliver it?

Maybe not the customers. Bed Bath & Beyond’s last quarter was as sad as the company had previously telegraphed. The company’s same-store sales were down 26% in its quarter ended Aug. 27 from a year earlier, in line with the previous update. Even the normally better-performing buybuy Baby banner saw same-store sales drop by a high percentage of teens from a year earlier. The net loss was $366.2 million, nearly three times the figure reported by Wall Street analysts. The company maintained its outlook for the full fiscal year ending next February, still expecting same-store sales to decline about 20%.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button