Bed Bath & Beyond’s Q3 earnings fall below estimates as loss widens and same-store sales fell 32%

Bed Bath & Beyond Inc. [s: bbby] said Tuesday it had a net loss of $392.9 million, or $4.33 a share, for its fiscal third quarter to Nov. 26, wider than the loss of $276.4 million, or $2.78 a share, posted in the year-earlier period. The company’s adjusted loss per share came to $3.85, wider than the $2.61 FactSet consensus. Sales fell to $1.259 billion from $1.878 billion a year ago, also below the $1.314 billion FactSet consensus.

The troubled retailer, which said last week it may have to file for bankruptcy, said it is exploring all strategic alternatives and will keep investors updated in a timely manner. “We want our customers to know that we hear them and are charging ahead every day to meet their needs,” CEO Sue Gove said in a statement.

THAT'S a lot of soap and shampoo caddies...

Guess it shouldn’t have dumped Mike Lindel

And $bbby is up lol 😆😂 bankruptcy announcement should be coming soon

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Bed Bath & Beyond warns of potential bankruptcy - San Francisco Business TimesThe company has a dozen locations in the Bay Area, and others have already closed over the past year.
출처: SFBusinessTimes - 🏆 78. / 68 더 많은 것을 읽으십시오 »

UBS sees these retail stocks winning from a potential Bed Bath & Beyond bankruptcyDoubts about Bed Bath & Beyond's future opens a door for other retailers to pick up market share, says UBS
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »