Bed Bath & Beyond exploring options including bankruptcy, shares fall 13% By Reuters

© Reuters. FILE PHOTO: A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew Kelly

(Reuters) -Bed Bath & Beyond Inc said on Thursday it was exploring options including a bankruptcy filing to address the US home goods retailer’s plunging sales, dwindling cash and debt load.

The company said it continues to consider all strategic alternatives, including restructuring or refinancing debt, reducing or delaying business activities and selling assets.

Shares of the company were down 13% at $2.10 in premarket trading as Bed Bath & Beyond (NASDAQ:) also expects to record a quarterly loss of $385.5 million.

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