Bed Bath & Beyond Escapes Big Coronavirus Hit In Q4 But Says Worst Is Yet To Come [Forbes]
Bed Bath & Beyond, Inc. (BBBY)
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm
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Source: Forbes
The fourth quarter was not good. The next one should be worse. (Photo by Paul Hennessy/NurPhoto via... [+]Getty Images)NurPhoto via Getty ImagesBed Bath & Beyond largely escaped the full rampage of the coronavirus pandemic in its fourth quarter, but in reporting its numbers for the period ended Feb. 29—one that was only partially under the start of the coronavirus haze and subsequent shutdown of most of its physical retailing fleet—the big-box home furnishings chain reported sluggish numbers and, more tellingly, cautioned that there’s more to come.The situation is particularly distressing for the retailer, which was just embarking on a turnaround plan under new management to try to fix myriad problems that have hobbled it for much of the past few years.For the quarter, net sales declined 6.1% even with the added boost of the Cyber Monday holiday, which fell in the earlier quarter the year before. Without that, comp store sales dropped 11%. The company said on its call with analysts th
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