OSTK - Overstock.com Provides Update On New Bed Bath & Beyond: What's Going On? | Benzinga
Overstock.com Inc (NASDAQ: OSTK) shares are trading lower Wednesday after the company provided an update on Bed Bath & Beyond, which it acquired in June.
What Happened: Overstock provided a business update for Bed Bath & Beyond's third quarter, which included estimated financial results.
Overstock said it expects Bed Bath & Beyond revenue to decline in the mid-teens percent range on a year-over-year basis. Orders are expected to be up in the mid-single digit percent range, while average order value is expected to decline ...