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Benzinga
Benzinga
Business
Adam Eckert

Why Bed Bath & Beyond Stock Is Trading Lower Today

Bed, Bath & Beyond Nasdaq

Bed Bath & Beyond Inc (NASDAQ:BBBY) shares are trading lower Wednesday after the company reported worse-than-expected financial results and announced a CEO transition.

Bed Bath & Beyond said fiscal first-quarter revenue decreased 25% year-over-year to $1.46 billion, which missed the estimate of $1.54 billion, according to data from Benzinga Pro. The company reported a quarterly adjusted earnings loss of $2.83 per share, which missed the estimate for a loss of $1.39 per share.

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