Bed Bath & Beyond sales miss analyst estimates; shares fall
Bed Bath & Beyond sales miss analyst estimates; shares fall
By Jonathan Roeder and Jordyn Holman | Bloomberg
Bed Bath & Beyond Inc. tumbled as much as 21% in premarket trading after reporting second-quarter sales that missed expectations and reducing its full-year outlook, with the delta COVID-19 variant eroding the home-goods retailer’s store traffic.
Revenue in the quarter ended Aug. 28 fell 26% from a year earlier to $1.99 billion, short of the $2.06…