Jim Cramer: Bed Bath & Beyond Needs to Spend More Online
Bed Bath & Beyond needs to spend more on its online sales, as opposed to buying back stock, said TheStreet's Jim Cramer.
Bed Bath & Beyond (BBBY) - Get Report needs to spend more on its online sales, as opposed to buying back stock, said TheStreet's Jim Cramer. Shares of Bed Bath & Beyond were slightly lower today ahead of the company's 2016 second quarter results, due out after Wednesday's market close. Analysts are projecting that earnings will decline year-over-year, while revenue will be slightly higher than last year. Wall Street is expecting the Union, NJ-based retailer to post earnings of $1.17 per share on revenue of $3.05 billion. During the same quarter a year ago, Bed Bath & Beyond earned $1.21 per diluted share on revenue of $3 billion.
