Bed Bath & Beyond (BBBY) Results Add Pressure to Green Mountain (GMCR), SodaStream (SODA)
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Additional pressure is being put on the likes of Green Mountain (Nasdaq: GMCR) and SodaStream (Nasdaq: SODA) following quarterly results from one of its key distributors.
Bed Bath & Beyond, Inc. (Nasdaq: BBBY) reported a second-quarter earnings miss by 4 cents per share, reaffirming its outlook for the rest of fiscal 2012. Gross margins compressed by
Net income fell 1.2 points to 8.7 percent in the quarter.
Though SodaStream and Green Mountain products are sold in many locations, Bed Bath & Beyond still remains one of its biggest partners.
Shares of Green Mountain are down about 8.5 percent while SodaStream is off 0.3 percent for the session. Both are expected to issue quarterly releases in early November.
Bed Bath & Beyond, Inc. (Nasdaq: BBBY) reported a second-quarter earnings miss by 4 cents per share, reaffirming its outlook for the rest of fiscal 2012. Gross margins compressed by
Net income fell 1.2 points to 8.7 percent in the quarter.
Though SodaStream and Green Mountain products are sold in many locations, Bed Bath & Beyond still remains one of its biggest partners.
Shares of Green Mountain are down about 8.5 percent while SodaStream is off 0.3 percent for the session. Both are expected to issue quarterly releases in early November.
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