![]() Under those circumstances, it's hard to see the stock price rebounding - at least until comps growth returns and investors start seeing financial benefits from management's e-commerce spending spree. ![]() Thanks to falling profit margins and increasing costs, Bed Bath & Beyond appears set to earn just $4.50 per share for the fiscal year that ends in February, 2017, for its lowest annual result since 2012. Get the latest Bed Bath & Beyond Inc (0HMI) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Its stock price drifted below 1, then below 50 cents. The 11.8 billion Bed Bath & Beyond spent on its own stock since 2004 comes to more than twice the 5.2. Shoppers stand outside a Bed Bath & Beyond store in New Jersey. Capital expenditures are up to nearly $425 million from $329 million last year. Instead, it fueled a desperate and ultimately failed effort to support its stock price. Yet this expansion comes at a price, too. The e-commerce sales channel shows more promise, given that it grew by over 20% in every quarter of 2016. ![]() But that's a tough balance to strike because higher prices tend to drive customers away. The retailer’s name, intellectual property and digital assets were purchased by for 21.5. It can lessen the negative impact from the dearth of shoppers by improving its merchandising and thus boosting average spending per visit. Overall, the company believes comps will fall by about 1% for the full fiscal year.ĭeclining customer traffic is proving to be a huge challenge for the retailer. Bed Bath & Beyond's comps fell in each of the next three quarters as gross profit margin slipped to 37% of sales. It’s official will acquire Bed Bath & Beyond ‘s brand, quashing any hopes that the company’s stores would emerge. Use the financials tab to find out more about Bed, Bath & Beyond Inc.s key. Subsequent announcements weren't as rosy. NASDAQ:BBBY stock is currently trading at 0.08 as of 08:00 PM UTC, May 2, 2023. Its first quarterly report of the year showed a healthy 2% boost in comparable-store sales and gross profit margin of 38%. The market capitalization, commonly called market cap, is the total market value of a publicly traded companys outstanding shares and is commonly used to. Bed Bath & Beyond was up by as much as 7% early in the year, but those gains morphed into losses as operating trends worsened. ![]()
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