Earnings

Bed Bath & Beyond (BBBY) Q4 2021 earnings

0


Bed Bath and Beyond‘s shares fell Wednesday as the home goods retailer reported a holiday-quarter loss, spoke of struggles with low inventory and congested ports, and warned that consumer demand is slowing.

CEO Mark Tritton said out-of-stock merchandise caused the company to miss out on about $175 million in fiscal fourth-quarter sales. That’s higher than the prior quarter, when supply chain bottlenecks cost the company about $100 million.

Tritton said in a CNBC interview that the home goods retailer is disappointed by its results. He said “major headwinds in the macro environment” have slowed the company’s turnaround efforts.

For instance, he said, moving goods costs more and some…



Source cnbc.com

0 0 votes
Article Rating

Google’s most important US real estate investments in 2022, mapped

Previous article

After buying Russia’s discounted oil, India looks to buy its coal

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Earnings