Bed Bath & Beyond’s sales declined 28% in its fiscal second quarter, but the performance managed to meet Wall Street’s expectations.
Shoppers enter and exit a Bed Bath & Beyond in Schaumburg, Illinois, Jan. 14, 2021. Bed Bath & Beyond’s sales declined 28% in its fiscal second quarter, but the performance managed to meet Wall Street’s expectations. The Union, New Jersey-based home goods retailer reported sales of $1.44 billion for the three months ended Aug. 27, 2022.
The Union, New Jersey-based home goods retailer reported sales of $1.44 billion for the three months ended Aug. 27. That compares with sales of $1.99 billion a year earlier.Sales at stores open at least a year, a key indicator of a retailer’s health, fell 26%. The company is looking to cut costs by about $250 million in the second half of the year to boost its available cash.
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