Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account “Tritton has a more difficult job ahead than we anticipated and more aggressive changes are needed,” Cristina Fernandez, analyst at Telsey Advisory Group, said in a note to clients Wednesday. “Our ability to achieve this and change the trajectory of our current results will take time.”Īnalysts say the challenges at Bed Bath & Beyond are deeper than they expected. Tritton said Tuesday that the company was beginning to make “bold and broad-based changes to modernize our business,” but asked for patience. He is expected to announce a new strategy for Bed Bath & Beyond in the spring. Since then, Tritton has overhauled his executive team. The move was viewed positively on Wall Street. Tritton, a veteran retail executive who was previously Target’s chief merchant, joined Bed Bath & Beyond as CEO in November. (AMZN), direct-to-consumer brands online and big-box chains like Target The company has struggled over the past several years against Amazon “We are experiencing short-term pain in our efforts to stabilize the business, including the pressures of store traffic trends coupled with our own executional challenges,” CEO Mark Tritton said in a statement Tuesday. (BBBY) had too few products on the shelves and was out-of-stock on key items during the holidays.īed Bath & Beyond’s stock dropped 25% in early trading Wednesday. Decreased foot traffic to stores, inventory management issues and increased promotions led to the decline, the company said. (BBBY) said sales at stores open for at least a year - a key metric of the retailer’s health - fell 5.4% during the holidays. In an effort to refocus on its core businesses, the firm has divested the online retailer, One Kings Lane, Christmas Tree Shops and That (gifts/housewares), Linen Holdings, and Cost Plus World Market in recent years.Ĭlick Here to get the full Stock Report for Bed Bath & Beyond Inc stock.Bed Bath & Beyond’s stock tanked Wednesday after the company said holiday sales fell short of its expectations and that it was having trouble stabilizing the business. In addition to 768 Bed Bath & Beyond stores, the company operates 137 Buybuy Baby stores and 50 Harmon Face Values stores (health/beauty care). Stores carry an assortment of branded bed and bath accessories, kitchen textiles, and cooking supplies. More About Bed Bath & Beyond Incīed Bath & Beyond is a home furnishings retailer, operating 955 stores in all 50 states, Puerto Rico, Canada, and Mexico (as of 2021), though it plans to close 150 underperforming stores in the near term. To see InvestorsObserver's Sentiment Score for Bed Bath & Beyond Inc click here. BBBY lost -$13.66 per share in the over the last 12 months. Over the past year the S&P 500 is down -13.22% while BBBY has fallen -81.16%. BBBY has fallen -$0.01 from the previous closing price of $3.13 on volume of 4,993,723 shares. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.īed Bath & Beyond Inc (BBBY) stock has fallen -0.24% while the S&P 500 has gained 1.54% as of 10:46 AM on Tuesday, Dec 13. Our system also uses the options market in order to receive additional signals on current sentiments. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. There is no information about the health of profitability of the underlying company in our sentiment score.Īs a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.Ĭhanges in price are generally the best indicator of sentiment for a particular stock. Sentiment is a very short-term indicator that is entirely technical. See Full BBBY Report What is Stock Sentiment?
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