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Why Bed Bath & Beyond Stock Is Slumping Today

TheMotleyFool

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Why Bed Bath & Beyond Stock Is Slumping TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

Shares of home-goods retailer Bed Bath & Beyond (NASDAQ: BBBY) were down sharply in early trading on Thursday, after the company reported a loss for its fiscal first quarter that was wider than Wall Street had expected.

As of 10:15 a.m. EDT, Bed Bath & Beyond's shares were down about 21% from Wednesday's closing price.

About 200 Bed Bath & Beyond stores will close under a restructuring plan, the company's CEO said on Wednesday. Image source: Bed Bath & Beyond.

Source Fool.com

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