BBBY stock is having one of the worst of worst trading sessions on Thursday as the giant retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported a second consecutive quarter of net loss.
Revenue FallsThe home goods retailer succumbed to a net loss of $371.1 million or $2.91 a share, for the three months ended June 1, 2019. Removing the impact of a one-time charge of $400 million, the retailer said it generated a profit of $0.12 a share, above consensus estimates of 8 cents a share. Net sales for the first quarter dropped 6.6% to ...
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