I was expecting Bed, Bath and Beyond to sell off in January after announcing earnings. But the stock price went the opposite direction, jumping nearly 17% on the back of earnings.
The company’s announcement of relatively unchanged earnings guidance between fiscal 2018 and fiscal 2019 was the main reason the stock rose that day.
Five months ago I wrote a post titled,
Stay Away From Bed Bath and Beyond…They Has Been Amazoned
It’s very apparent their business model of marking up prices than offering discount via coupons isn’t working, nor driving traffic to their stores. Bed Bath & Beyond Inc. has 1,024 stores
Add your Scripsio!
Comments