Bed Bath & Beyond Is Solidifying Its Comeback
Bed Bath & Beyond's (NASDAQ: BBBY) latest results, issued last week on Thursday, illustrate continuing progress in the retailer's turnaround effort. The housewares chain was able to report modest increases in same-store sales along with positive cash-flow generation in its third quarter of fiscal 2020. The company also expanded gross profit against the prior-year period.
Nonetheless, investors anticipated slightly higher revenue than Bed Bath & Beyond booked in the third quarter: Shares lost 11% on Jan. 7 in the trading session following the release.
Let's review the company's financial scorecard in the larger context of its attempt to regain sustained growth.
Source Fool.com
