Bed Bath & Beyond Whiffs Again -- Should Investors Be Worried?

Bed Bath & Beyond (NASDAQ: BBBY) disappointed shareholders with its latest quarterly results, and the stock is down over 13% since the report dropped. Year to date, shares have shed nearly half of their value as the home goods retailer keeps failing to deliver on rebound strategies.

During its second quarter, which wrapped up at the end of August, revenue declined 1.7% to $2.9 billion. Bottom-line earnings per share fell to $0.67, a 40% decline from last year's $1.11 figure.

Earnings were negatively impacted by an $0.08 per-share charge related to "management restructuring" (more on that later), another $0.02 in estimated Hurricane Harvey-related expenses, and $0.01 due to accounting changes. But even when adding those one-time items back in, the bottom line still fell 30%. Clearly, there is more hurting the company than simple one-off expenses.

Source: Fool.com