Bed Bath & Beyond stock sinks 17% after profit and sales miss, weak guidance

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Published: Sept. 30, 2021 astatine 8:17 a.m. ET

Bed Bath & Beyond Inc. shares sank 17.1% successful Thursday premarket trading aft the retailer reported fiscal second-quarter nett and income that missed expectations and gave guidance beneath Street consensus. Net nonaccomplishment totaled $73.2 million, oregon 72 cents per share, aft nett income of $217.9 million, oregon $1.75 per share, past year. Adjusted EPS of 4 cents was good beneath the FactSet statement for 52 cents. Sales of $1.985 cardinal was down from $2.688 cardinal successful 2020 and beneath the Factset statement for $2.059 billion. Comparable income fell 1%, which the institution attributed to a diminution successful August traffic. The FactSet consensus...

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