Bed Bath & Beyond's Q2 Is Threadbare Despite Earnings Beat
The write-offs may have been smaller at Bed Bath & Beyond (NASDAQ: BBBY) in the second quarter, and adjusted earnings may have beaten Wall Street's expectations, but the results show why the activist investor shake-up at the home-goods retailer is still likely a case of too little, too late.
Bed Bath & Beyond reported sales fell 7.3% to $2.7 billion as comparable sales continued disintegrating, dropping 6.7% from the year-ago period and worse than the 5.6% decline analysts predicted.
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Source Fool.com
