Bed Bath & Beyond (BBBY) reports Q3 2021 earnings miss
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Customer shopping in a Bed Bath & Beyond store
Courtesy: Bed Bath & Beyond
Bed Bath & BeyondThe shares fell nearly 10% Thursday in premarket trades after home goods retailer failed to meet analysts’ fiscal third-quarter expectations.
Chief Executive Mark Tritton said a lack of inventory due to supply chain bottlenecks cost Bed Bath & Beyond about $100 million. He said that December saw more problems.
This is how Refinitiv data shows the retailer’s performance over the past three months.
- Loss per share: 25 cents vs. breakeven results expected
- Revenue: $1.88B vs. $1.95B expected
Bed Bath & Beyond shares closed Wednesday down 10.8%. This stock is down 32% compared to a year ago.
Find the full earnings press release from Bed Bath & Beyond here.
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