Bed Bath stock plunges after sales miss, going-concern warning
Bed Bath & Beyond Inc. said Thursday that it has “substantial doubt” about its “ability to continue as a going concern,” as the company also disclosed that it expects to record lower sales for the latest quarter than analysts were anticipating.Bed Bath BBBY expects to report net sales... Bed Bath & Beyond Inc.
“Reduced credit limits resulted in lower levels of in-stock presentation within the assortments that our customers expect,” she said. “Consequently, we have already leveraged the liquidity gained from the holiday season to immediately pursue higher in-stock levels with support from our key vendors.”
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Bed Bath & Beyond shares plummet as company warns of deeper financial troubles
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