Bed Bath & Beyond snared by ongoing supply issues

Published April 13, 2022 9:19 AM

By MICHELLE CHAPMAN
AP Business Writer

Inventory difficulties hurt Bed Bath & Beyond during its fiscal fourth quarter and will continue into the current quarter, the home products retailer said Wednesday. For the three months ended Feb. 26, sales fell 22% to $2.05 billion. Analysts polled by Zacks Investment Research predicted sales of $2.08 billion. Bed Bath & Beyond lost $159 million, or $1.79 per share, in the quarter. A year earlier it earned $9 million, or 8 cents per share. Stripping out certain items, the company lost 92 cents per share. Analysts were calling for a profit of 2 cents per share.

Article Topic Follows: AP National Business

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