Thursday, September 30, 2021

Bed Bath & Beyond Cuts FY21 Outlook As Q2 Results Miss Estimates

Home improvement retailer Bed Bath & Beyond reported on Thursday a net loss for second quarter compared to a profit last year, hurt by charges related to its restructuring and transformation initiatives. Both adjusted earnings per share and net sales missed analysts' expectations. The company also slashed its financial guidance for the full-year 2021.

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