UPDATE: Telsey Downgrades Bed Bath & Beyond (BBBY) to Underperform
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BED BATH & BEYOND INC. REPORTS FISCAL 2021 FOURTH QUARTER RESULTS (ENDING FEBRUARY 26th, 2022)
April 13, 2022 7:30 AM EDTQ4 Net Sales of $2,051M; Comparable Sales of (12)% Impacted by Ongoing Supply Chain and Inventory Availability Challenges
Q4 GAAP Gross Margin of 28.3%; Adjusted Gross Margin of 28.8% including 360bps of Higher than Expected, Escalating Supply Chain Costs
Excluding Supply Chain Cost Increases, Q4 Adjusted Gross Margin of 32.4%
Second Year of Transformation to Continue in Fiscal 2022
UNION, N.J., April 13, 2022 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq:... More
