Bed Bath & Beyond which this week ousted its chief executive and revealed deep losses, faces not just a strategic crisis but a financial one. The retailer ended May with roughly $100 million in cash, after burning through more than $300 million of its reserves and borrowing $200 million from its credit line. It has … Read more
Bed Bath & Beyond which this week ousted its chief executive and revealed deep losses, faces not just a strategic crisis but a financial one. The retailer ended May with roughly $100 million in cash, after burning through more than $300 million of its reserves and borrowing $200 million from its credit line. It has … Read more
The net sales of Bed Bath & Beyond was recorded at $1,463 million in the first quarter, a decline of 25 per cent, reflecting a comparable sales decline of 23 per cent and 2 per cent related to the impact from fleet optimization activity. Comparable sales decline reflected rapid shift in consumer spending patterns and … Read more
Analysts this week are taking a grim view of Bed Bath & Beyond’s prospects as the stock craters in the wake of an earnings disaster and the CEO’s resignation. In the word of one analyst, it’s a “dumpster fire”. Shares have dropped 23% in the past two days, falling to $5.01 as of 11:25 am … Read more
GILBERT, AZ — Customers at five Valley Fry’s locations will soon be able to buy Bed Bath & Beyond and buybuy Baby products at their stores. It’s all part of a new physical store pilot program, and the first location to offer the products will be the store near Baseline and Gilbert roads in Gilbert. … Read more
Text size The home goods retailer widely missed earnings expectations. Joe Raedle/Getty Images It was a kitchen sink quarter for Bed Bath & Beyond on Wednesday, after the home goods retailer widely missed expectations and announced the abrupt departure of its CEO. Its debt is trading like the company is headed to the dog house, … Read more
Bed Bath & Beyond on Thursday named a new chief accounting officer, marking another leadership change as the retailer struggles with plunging sales. The company said Laura Crossen will take over as the senior vice president of finance and chief accounting officer, replacing John Barresi, who resigned earlier this month after stepping into the role … Read more
UNION, NJ, June 30, 2022 /PRNewswire/ — Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced that it has named Laura Crossen as Senior Vice President of Finance and Chief Accounting Officer, and Susie A Kim as Senior Vice President of Treasury and Investor Relations, effective immediately. Ms. Crossen will lead Bed Bath & Beyond’s … Read more
Bed Bath & Beyond Inc. (NASDAQ:BBBY – Get Rating) – Equities researchers at B. Riley decreased their Q1 2023 EPS estimates for Bed Bath & Beyond in a research report issued to clients and investors on Monday, June 27th. B. Riley analyst S. Anderson now expects that the retailer will earn ($1.34) per share for … Read more
A slow macroeconomic news day resulted in one of the lowest-volume sessions of 2022, although a few individual equities endured more than their fair share of volatility. The S&P 500, which finished with a small gain Wednesday, posted the index’s smallest intraday range for the year, according to Michael Reinking, senior market strategist for the … Read more