Bed Bath & Beyond Tanks as Street Awaits Proof of Turnaround
- Fourth-quarter sales, first-quarter outlook missed estimates
- Citi sees ‘little tangible evidence’ trends are improving
This article is for subscribers only.
Bed Bath & Beyond Inc. sank the most since September after the company’s rosy full-year guidance failed to persuade the Street of improving trends as fourth-quarter comps and sales missed estimates and the retailer’s first-quarter earnings view also fell short.
The company remains a “show me story,” Loop Capital analyst Anthony Chukumba said.