Bed Bath & Beyond slides as bigger Q2 loss weighs - BBBY News | RalliesBed Bath & Beyond slides as bigger Q2 loss weighs
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BBBY• Shares tumble after wider quarterly loss
- Shares of e-commerce company Bed Bath & Beyond BBBY.N tumble 18.5% to $4.53.
- Stock hits lowest since April and is on track for its steepest one-day percentage decline since October 2024, should current levels hold.
- Co's Q2 net loss widens on acquisition and restructuring costs.
- Reports a Q2 net loss of $39.5 million, wider than analysts' estimate of $20.5 million loss.
- Adj. loss per share of 53 cents, compared with estimates of 26 cents.
- Also registers 46.2 million shares for resale by current investors.
- Two out of six analysts rate the stock "buy" or higher, four rate it "hold"; median PT at $9 - data compiled by LSEG.
- As of last close, BBBY stock was up 1.8% year to date.
