Why Bed Bath & Beyond Stock Dropped Today
Bed Bath & Beyond (NASDAQ: BBBY) shareholders lost ground to the market on Thursday as their stock dropped 3% by 2:45 p.m. EDT compared to a 0.4% decline in the S&P 500. The specialty retailer's shares were down by as much as 9% earlier in the day but recovered a bit by early afternoon trading and are still in positive territory so far in 2022.
The drop came in the wake of an earnings report that showed significant struggles around sales growth and profitability.
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Source Fool.com
