Friday, September 23, 2016

Bed Bath & Beyond misses expectations despite web sales surge

Bed Bath & Beyond on Wednesday reported second quarter earnings of $167.3 million on revenue of $2.98 billion, down from $201.7 million on revenue of $2.99 billion in the year-ago quarter. 

Same-store sales overall fell 1.2% in the second quarter compared to last year’s 0.7% rise, Bed Bath & Beyond said. But the home-goods retailer's online sales grew more than 20%. . . . more

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