Household-goods chain Bed Bath & Beyond Shares Waver After Second-Quarter Report

Credit: The Street
Published on October 3, 2019 - Duration: 00:33s

Household-goods chain Bed Bath & Beyond Shares Waver After Second-Quarter Report

Bed Bath & Beyond shares moved between gains and losses after its Q2 report and outlook.

- Adjusted earnings of 34 cents a share beat the Wall Street estimate by 5 cents.

- Comparable-store sales fell 6.7%, more than the 5.4% that investors expected.

- Bed Bath & Beyond now plans to close a total of 60 stores, up from the 40 it estimated in April.

- Interim CEO Mary Winston said BBBY is optimistic about its progress in its turnaround effort.

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