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Bed Bath & Beyond Says Expects Its Sales And Profitability To Remain Pressured During The Fiscal 2019 Fourth Quarter

Outlook The Company expects its sales and profitability to remain pressured during the fiscal 2019 fourth quarter.  Considering these headwinds reflected in the Company's results to date, and the ongoing work

Benzinga · 01/08/2020 21:16

Outlook

The Company expects its sales and profitability to remain pressured during the fiscal 2019 fourth quarter.  Considering these headwinds reflected in the Company's results to date, and the ongoing work by recently appointed President & CEO Mark Tritton to assess the business and finalize the details of the Company's go-forward strategic plan as well as the extensive senior leadership changes within the past month, the Company believes it is appropriate to withdraw its fiscal 2019 full year financial guidance.