Bed Bath & Beyond (BBBY) Q4 2021 earnings


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

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