Bed Bath & Beyond shoppers shopping less

Bed Bath & Beyond is giving a heads up that sales may not be so great in the next few months given an already in-progress sales dip.

The retailer reported a 22% drop in sales in its fourth quarter, and shares fell 1% shortly after the news, according to a CNN report.

The sales dip is due to supply chain gitches and changing consumer sentiment, the company stated in a call with analysts.

“We’re seeing an emerging uncertainty related to consumer sentiment based on market and retail indicators that show a distinct slowdown in consumer demand,” Gustavo Arnal, Bed Bath & Beyond CFO, said in the call, according to CNN.


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