Overstock.com (OSTK) slips 9% after providing Bed Bath & Beyond update
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The New Bed Bath & Beyond Provides Third Quarter 2023 Performance Update
September 6, 2023 8:30 AM EDTSALT LAKE CITY, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Bed Bath & Beyond, operated by Overstock.com, Inc. (NASDAQ: OSTK), today shared an update on its 3Q 2023 performance.
Our U.S. business launched successfully on August 1. Consumers are showing that they love the new Bed Bath & Beyond, said Jonathan Johnson, CEO of the new Bed Bath & Beyond. Even in a challenging macro-economic environment, we acquired new customers and re-activated past customers. Our topline performance is improving steadily. We have experienced year-over-year order growth since the U.S. launch, led by orders from... More
