“Bed Bath & Beyond shares dive more than 25% as supply chain issues hit sales, inflation eats into profits”
September 30, 2021
“…Here’s how Bed Bath & Beyond did in its second quarter ended Aug. 28 compared with what Wall Street was expecting, based on a Refinitiv survey of analysts:
- Earnings per share: 4 cents adjusted vs. 52 cents expected
- Revenue: $1.99 billion vs. $2.06 billion expected
In the latest period, Bed Bath & Beyond lost $73.2 million, or 72 cents per share, compared with net income of $217.9 million, or $1.75 per share, a year earlier. Excluding one-time items, the company earned 4 cents a share, which was less than the 52 cents analysts expected.
Revenue fell 26% to $1.99 billion from $2.69 billion a year earlier. That came in short of estimates for $2.06 billion…”
https://www.cnbc.com/2021/09/30/bed-bath-beyond-bbby-shares-tank-on-supply-chain-issues.html