Bed Bath and Beyond ( NASDAQ:BBBY ) Earnings Report
You guys know Bed Bath & Beyond ( NASDAQ:BBBY ), right? The WallStreetBets stock that just recently went from $4 in the beginning of July, all the way to 30 bucks in the middle of August.
You know that stock, right? Well, they just reported earnings and they did not do well. Let’s talk.
Bed Bath & Beyond ( NASDAQ:BBBY ) reported negative $3.22 cents in earnings per share , so they lost a ton of money on the quarter versus the negative $1.85 estimate, so they also missed the estimate.
And revenue came in at about $1.44 billion, which just ever so slightly missed, a $1.45 billion estimate.
And year over year, this company is really struggling.
Their same store sales are down 26%, which goes to show this is not a company that’s moving their stock.
It’s not moving based on fundamentals. It’s all about height, momentum, and really the WallStreetBets community pushing it.
And the stock is at $6 right now, roughly when, like I said, it was just that 30.
So it is down big time over the past couple of weeks.
Let me know your thoughts. Follow along…
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