Wednesday, January 8, 2020

Bed Bath & Beyond shares plunge after earnings miss, company withdraws fiscal 2019 outlook

CNBC
Bed Bath & Beyond withdrew its fiscal 2019 outlook on Wednesday, saying that it would reveal its strategic plans in early 2020.

The retailer also reported third-quarter earnings and revenue that fell short of Wall Street’s expectations. The company’s new CEO Mark Tritton called the results “unsatisfactory” in a statement and said that the company has to create a durable business model for long-term profitable growth. . . . more