Bed Bath & Beyond (BBBY) Q4 2021 earnings

Bed Bath and Beyond on Wednesday reported a surprising holiday-quarter loss, as the company ran low on inventory and struggled to move merchandise out of congested ports and onto shelves. CEO Mark Tritton said out-of-stock merchandise caused the company to miss out on about $ 175 million in fiscal fourth-quarter sales. That’s higher than the … Read more

Bed Bath & Beyond shares surge after GameStop chairman reveals big stake

Ryan Cohen, Chewy co-founder and chairman of GameStop. Courtesy of Ryan Cohen | Photography by George Kamper Bed Bath & Beyond surged more than 70% in premarket trading Monday after GameStop Chairman Ryan Cohen revealed he had a nearly 10% stake in the retailer, through his investment company RC Ventures. Cohen, who also co-founded the … Read more