Market Updates
Bed Bath & Beyond Reports Quarterly Loss on 22% Fall in Sales
Scott Peters
13 Apr, 2022
New York City
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Bed Bath & Beyond reported revenues declined 22% to $2.05 billion in the fiscal quarter ending in February. The retailer lost $159 million in the quarter compared to $9 million profit on supply chain disruptions and higher shipping costs. Comparable store sales fell 9% from a year ago and 12% from the previous quarter. Retailer guided improvement in sequential sales in the second-half.
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