Thursday, September 27, 2018

Bed Bath & Beyond Q2 misses Street

Chain Store Age
Strong digital growth was once again offset by declining store sales during Bed Bath & Beyond’s second quarter.

Net sales were approximately $2.9 billion. In addition to being flat compared to the prior year, they fell just below analysts’ expectations of $2.96 billion. Same-store sales fell 0.6%, despite strong sales growth from the company’s digital channels. Sales from stores declined in the mid-single-digit percentage range.. . . more