Bed Bath & Beyond Inc. stock price

Bed Bath & Beyond Inc. latest news:


  • 09/20/2017 14:36:07

    General Mills and FedEx rise while Bed Bath & Beyond dips

    Stocks that moved substantially or traded heavily Wednesday: General Mills Inc., down $3.21 to $52.17

  • 09/19/2017 14:37:32

    Bed Bath & Beyond earnings miss widely, stock plunges 18%

    Bed Bath & Beyond Inc. reported earnings far below expectations Tuesday, citing restructuring- and hurricane-related issues, and promised information on new initiatives later in the afternoon as shares plummeted. The retailer announced fiscal second-quarter profit of $94.2 million, or 67 cents a share, on sales of $2.9 billion, down from earnings of $1.11 a share on revenue of $2.99 billion in the year-ago quarter. Analysts on average expected earnings of 93 cents a share on sales of $3 billion, according to FactSet. Bed Bath & Beyond listed issues that caused the profit miss and their effects, including restructuring charges (8 cents a share), Hurricane Harvey impacts (2 cents a share) and a new accounting standard (a penny a share). The retailer said that it "is undertaking a number of transformational initiatives," which it will discuss in a conference call at 5 p.m. Eastern. Trading was halted for the stock ahead of the announcement, and the price plunged more than 18% in after-hours action after trading resumed; shares closed with a 1% decline at $27.03 Tuesday after reaching a 52-week intraday low of $26.54.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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