Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers.
Shares bounced around in premarket trading, as investors assessed the report. The company’s stock has been volatile, fueled in part by the meme-stock frenzy as well as drastic changes to its business.
The company reiterated its full-year outlook, saying it anticipates comparable sales to decline by about 20% as its business improves in the back half of the fiscal year.
Here’s how the retailer did in the three-month period ended Aug. 27 compared with what analysts were anticipating, based on Refinitiv data:
- Loss per share: $3.22 adjusted vs. $1.85…