BBBY stock pulled back by over 10% this week after Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported poor comparable store sales growth. However, the stock is still up by 60% year-to-date.
Reduced sales compounded by falling profitability are the latest tailwinds that continue to clobber BBBY stock. After yet another abysmal quarter depicted by a 1.4% drop in comparable store sales, Bed Bath & Beyond’s market sentiments appear to have taken a hit.
Comparable Sales DeclineComparable store sales dropping for three consecutive years continues to raise serious concerns about BBBY stock’s long-term prospects. ...
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