Domestic merchandise retail chain Bed Bath & Beyond Inc. (BBBY) is widely known for selling home furnishings, bath items, bed linens, and related items, through various websites, including bedbathandbeyond.com, bedbathandbeyond.ca, and harmondiscount.com. The omnichannel retailer is scheduled to release its fiscal 2022 first-quarter financial results on June 29.
Shares of BBBY plummeted 52% so far this year and 10.4% over the past month as the company continues to bear the brunt of a drop in discretionary merchandise spending, with the U.S inflation hitting a fresh four-decade high. Furthermore, as global supply chain issues and surging costs continue to hammer its financials, the retail chain operator’s first-quarter earnings could take a hit.
