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Bed Bath & Beyond stock surges ahead of Tuesday morning's Q3 earnings report

 1 year ago
source link: https://finance.yahoo.com/video/bed-bath-beyond-stock-surges-220326642.html
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Bed Bath & Beyond stock surges ahead of Tuesday morning's Q3 earnings report

60a957b0-9069-11ed-adb7-dd106d3372ea

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

Tue, January 10, 2023, 7:03 AM GMT+9

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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