Why Bed Bath & Beyond Inc. Stock Plunged 30% So Far in 2017
Shares of Bed Bath & Beyond (NASDAQ: BBBY) have lost nearly a third of their value since the beginning of the year, according to data provided by S&P Global Market Intelligence. The home goods giant, once thought to be largely immune to the online competition, has proved otherwise in recent quarters.
Bed Bath & Beyond began 2017 with some serious downward momentum, after reporting a 29% drop in profits at the end of December. Things would only get worse from there.
The retailer would go on to report falling profits again in April, followed by a 39% plunge in June.
Source: Fool.com