Bed Bath & Beyond stock surges ahead of Tuesday morning's Q3 earnings report
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Bed Bath & Beyond stock surges ahead of Tuesday morning's Q3 earnings report
Bed Bath & Beyond stock surges ahead of Tuesday morning's Q3 earnings report
Yahoo Finance Live's Dave Briggs looks at Bed Bath & Beyond shares ahead of the retail chain's latest earnings due out tomorrow morning ahead of the opening bell.
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Bed Bath & Beyond stock surges ahead of Tuesday morning's Q3 earnings report
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Bed Bath & Beyond stock surges ahead of Tuesday morning's Q3 earnings report
Yahoo Finance Live's Dave Briggs looks at Bed Bath & Beyond shares ahead of the retail chain's latest earnings due out tomorrow morning ahead of the opening bell.
Video Transcript
DAVE BRIGGS: All right, my stock to watch for tomorrow, Bed Bath & Beyond. Apparently no news is good news ahead of the company's official third-quarter earnings report, which some feel could be their final quarterly earnings report.
Check out the stock. Whoa. It soared today up 23%. Kind of traded like a meme stock today.
Last week the company warned investors that bankruptcy is on the table as it struggles to deal with inventory constraints and reduced credit limits. Bed Bath & Beyond expects to report that sales dropped over 30% to $1.259 billion from $1.878 billion in the same quarter last year and a net loss of $385.8 million.
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