Skip to main content

Household-Goods Chain Bed Bath & Beyond Shares Waver After Second-Quarter Report

Publish date:
Video Duration:

Bed Bath & Beyond shares moved between gains and losses after its Q2 report and outlook.

- Adjusted earnings of 34 cents a share beat the Wall Street estimate by 5 cents.

- Comparable-store sales fell 6.7%, more than the 5.4% that investors expected.

- Bed Bath & Beyond now plans to close a total of 60 stores, up from the 40 it estimated in April.

- Interim CEO Mary Winston said BBBY is optimistic about its progress in its turnaround effort.

Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM

Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud

Catch Up: Today's Top News Videos Below

Related Videos