Bed Bath & Beyond (BBBY) Misses Q1 EPS by $1.51
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BED BATH & BEYOND INC. REPORTS FISCAL 2022 FIRST QUARTER RESULTS (ENDING MAY 28th, 2022)
June 29, 2022 7:30 AM EDTNet Sales of $1,463M; Comparable Sales of (23)% Consistent with Early Quarter Trends as Previously SharedGAAP Gross Margin of 23.9%; Adjusted Gross Margin of 23.8% including 840bps Impact from Transient Costs Related to Inventory Markdown Reserves and Port-Related Supply Chain FeesExcluding the Two Aforementioned Impacts, Q1 Adjusted Gross Margin of 32.2%Announcing Aggressive Actions on Inventory, Cost and Capex
UNION, N.J., June 29, 2022 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today reported financial results for... More
