Here's Why Bed Bath & Beyond (BBBY) Stock Crashed 28% in Pre-Open Trading
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Analysts Slash Price Targets on Bed Bath & Beyond (BBBY) Stock Following Disappointing Q2 Results, Say Fundamentals Remain Challenged
October 1, 2021 5:26 AM EDTThe Bed Bath & Beyond (NASDAQ: BBBY) stock price closed over 22% lower yesterday after the company presented disappointing Q2 results.
The company reported EPS of just $0.04 per share to miss on the analyst consensus of $0.52. Revenue for the quarter came in at $1.99 billion versus the consensus estimate of $2.06 billion.
While our results this quarter were below expectations, we remain confident in our multi-year transformation. Following solid growth in June, we saw unexpected, external disruptive forces towards the end of the quarter that impacted our outcome. In August, the final... More
