“Bed Bath & Beyond has completely lost control and is in a tailspin,” an analyst said.
NEW YORK — Bed Bath & Beyond‘s fiscal third-quarter sales fell 33% as the home goods company works on striking the right balance with its shoppers.
Sales slid to $1.26 billion for the three months ended Nov. 26 from $1.88 billion a year earlier. Sales at stores open at least a year, a key gauge of a retailer’s health, dropped 32%.
Analysts polled by Zacks Investment Research expected higher revenue of $1.43 billion.
While the quarterly performance was not a surprise given Bed Bath & Beyond’s
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