Bed Bath & Beyond: Value On The Balance Sheet [Seeking Alpha]
Bed Bath & Beyond, Inc. (BBBY)
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm
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bedbathandbeyond.com
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Source: Seeking Alpha
SummaryBed Bath & Beyond's continued P&L declines are distracting investors from the massive value to be unlocked on the balance sheet.I believe BBBY's non-core assets are worth significantly more than what the market is currently assigning.Given the elevated short interest, further asset sales or positive news flow could send shares much higher from here.As its4Q19 resultsgrossly4Q19 Declines As ExpectedBBBY posted 4Q19 numbers that were largely in-line with Street pessimism - recall that management had outlined preliminary numbers in mid-February, which largely reflected the ongoing decline in store traffic, as well as the margin weakness on elevated promotional activity. As the fiscal quarter goes up to February, however, 4Q numbers did not reflect the impact of COVID-19. Per management, consolidated net sales in March saw steep declines, falling 31% YoY (-41% YoY in stores). On a quarter-to-date basis, sales into mid-April declined 42% YoY, with in-store weakness offset by digital
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News
- Bed Bath & Beyond Announces Glen Cary as Chief of StoresBusiness Wire
- Sleep Country Canada hopes to bring back Bed Bath & Beyond in 2026 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Sleep Country Canada charting revival of Bed Bath & Beyond next year [BNN Bloomberg (Canada)]BNN Bloomberg
- Sleep Country Canada charting revival of Bed Bath & Beyond next year [Yahoo! Finance Canada]Yahoo! Finance Canada
- Former Michigan township clerk, attorney head to trial for 2020 election voter data breach [CBS News]CBS News