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Bed Bath & Beyond shares dive more than 20% as supply chain issues hit sales, inflation eats into profits

PHOTO: MarketWatch.com

By Lauren Thomas | 30 September 2021

  • Bed Bath & Beyond said it saw a steep drop-off in traffic in August, dealing a blow to its fiscal second-quarter results.
  • The big-box retailer is also dealing with industrywide supply chain complications, which Chief Executive Mark Tritton said have been “pervasive.”
  • Bed Bath & Beyond slashed its revenue and earnings outlook for the year, and its third-quarter guidance looks underwhelming.

CNBC — Bed Bath & Beyond shares tanked 22% Thursday as the company said it saw a steep drop-off in shopper traffic in August, dealing a blow to its fiscal second-quarter results.

The big-box retailer is also dealing with industrywide supply chain complications, which Chief Executive Mark Tritton said have been “pervasive.” He said the company’s costs escalated over the summer months, especially toward the end of its second quarter in August, eating into sales and profits.

Bed Bath & Beyond slashed its revenue and earnings outlook for the year, and its third-quarter guidance looks underwhelming.

The sell-off of the retailer’s stock was robust. More shares changed hands Thursday than what is typical in an average day of trading for Bed Bath & Beyond. …

In the latest period, Bed Bath & Beyond lost $73.2 million, or 72 cents per share, compared with net income of $217.9 million, or $1.75 per share, a year earlier. Excluding one-time items, the company earned 4 cents a share, which was less than the 52 cents analysts expected.

Revenue fell 26% to $1.99 billion from $2.69 billion a year earlier. That came in short of estimates for $2.06 billion. […]

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5 Comments on Bed Bath & Beyond shares dive more than 20% as supply chain issues hit sales, inflation eats into profits

  1. Sorry for another long reply Russ. Hope this one is okay – just a Passionate Love for our Country this Morning.

    Its all about the CCP’s long-awaited New Silk Road & Bridge Initiative of the Americas, the Clintons’ 1993 NAFTA Plan, the George H.W. Bush 1992 approved NAFTA Super Highway, and Afghanistan will be next, https://www.constructionweekonline.com/projects-tenders/267141-adnoc-awards-245m-epc-contracts-to-upgrade-oil-lines-terminal.

    For now, as for the Americas, in 2018, Panama awarded the CCP a contract to Manage and Operate the Panama Canal zone (from the Atlantic to the Pacific) in 2018, https://foreignpolicy.com/2019/05/07/the-panama-canal-could-become-the-center-of-the-u-s-china-trade-war/. And before such time, in 2012, President Obama rendered the CCP an Ownership, Management, and Operations Contract on Major US based Ports of Call, like Terminal Island in Los Angeles/Long Beach/San Pedro California, right next to our US Naval Air Station in San Pedro.

    Thus, the CCP was staging all along to Control our Seaways in preparation for their Global New Silk Road and Bridge Initiative. Thank God and President Trump in October 2019 (right about the time the CCP Virus was released) for trying to stop the Terminal Island Deal. https://www.universalcargo.com/u-s-forces-china-out-of-port-of-long-beach-terminal-ownership/#:~:text=It%20all%20started%20with%20a%2040-year%20container%20terminal,port%20behind%20the%20nearby%20Port%20of%20Los%20Angeles.

    The Clinton-Obama-Biden Trojan-Horse was finally pushed into position to make it all happen, and now the CCP is strangling our Import/Export, shipping and receiving, and logistics, Ports of Call. The CCP is squeezing US now.

    • Cold War I was better than Cold War II- the U.S. was the leader of the ‘free world’ -at least rhetorically- unlike today where we accommodate our ‘elected’ slave masters with open arms.instead of firearms.

  2. The CCP is the proxy warrior for the ((cabal)) aka Rothchilds and Blackrock nothing more. If the serpent class money changers didn’t want it it wouldn’t be happening> The puppet and chief is also just an empty vessel the international jew uses as its mouthpiece. So blaming the CCP is on par with zio stooges like A Jones or PJW or any other slight of hand disingenuous controlled opposition. Its been ((their )) plan for a long while now that is why the puppets like Clinton did NAFTA, moving all production to China. We must stop blaming the characters in this theater and blame the script writers, those on this planet anyway. I know some believe its off world evil, who knows?

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