Will Bed Bath & Beyond Be Taking More Big Write-Offs in Q3?
Bed Bath & Beyond (NASDAQ: BBBY) has written off almost $1 billion due to impairment charges related to its goodwill and brand over the first six months of its fiscal year. There should be more pain on the way in the third quarter, too.
Despite having dramatically cleaned house by ousting the home goods retailer's board and CEO, its private equity investors still have a long way to go before they can hope to see evidence of a turnaround taking hold. Although they're making changes, it's not anything investors can expect to see results from soon.
Bed Bath & Beyond is going all-in on private-label furniture like this living room set from its new One Kings Lane Open House line. Image source: Bed Bath & Beyond.
Source Fool.com
