LB - Bed Bath & Beyond: The Bad News Continues
Source: Barron's
Bed Bath & Beyond (BBBY) alerted investors that for the first two months of its fiscal year, its comparable sales declined by 5.4%:
Bed Bath & Beyond Inc. today reported preliminary, unaudited financial performance data for the first two months of the fiscal 2019 fourth quarter (December 2019 and January 2020), including a 5.4% decline in comparable sales driven primarily by store traffic declines combined with inventory management issues, and increased promotional activity and markdowns. The Company is providing this update today to provide visibility into the current pressures on the business,