Bed Bath & Beyond Maintains FY22 Outlook - Update

RTTNews | 1064 दिनों पहले
Bed Bath & Beyond Maintains FY22 Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, beleaguered home improvement retailer Bed Bath & Beyond, Inc. (BBBY) maintained its comparable sales guidance for the full-year 2022.

For fiscal 2022, the company continues to expect comparable sales decline in the 20 percent range.

For the second quarter, the company reported a 26 percent decline in comparable sales.

The company noted that its sales and profit results do not yet reflect the strategic and financial actions it initiated to change its performance. However, they do demonstrate sequential progress in several key areas.

These actions have lowered the company's cost structure by approximately $250 million in the second half of fiscal 2022, or an expected $500 million on an annualized basis.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

टैग: BBBY
read more
Bed Bath & Beyond Files For Bankruptcy Protection

Bed Bath & Beyond Files For Bankruptcy Protection

Bed Bath & Beyond filed for Chapter 11 bankruptcy protection in New Jersey, but the beleaguered home improvement retailer said its stores and websites will remain open and continue serving customers.
RTTNews | 858 दिनों पहले
Bed Bath & Beyond Q1 Results Miss Estimates

Bed Bath & Beyond Q1 Results Miss Estimates

Home improvement retailer Bed Bath & Beyond, Inc. (BBBY) reported on Wednesday a net loss for first quarter that sharply widened from last year, hurt by hefty transient costs related to inventory markdown reserves and port-related supply chain fees. Both adjusted loss per share and net sales missed analysts' expectations.
RTTNews | 1156 दिनों पहले
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | 1घंटे 46 मिनट पहले
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 1घंटे 57 मिनट पहले
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | 2घंटे 20 मिनट पहले