Bed Bath & Beyond Q4 Escapes Big Coronavirus Hit 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 a myriad of 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 it call with anal
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