Bed Bath Beyond Likely To Face Heat Due To Changing Consumer Spending, Says Analyst
Raymond James analyst Bobby Griffin has reiterated an Underperform rating on the shares of Bed Bath Beyond Inc (NASDAQ: BBBY ). The analyst said the company’s Q2 sales were relatively in-line with its August 31 business update, while adjusted EBIT came in below his and consensus expectations, primarily driven by higher-than-anticipated SGA. He added that the management reaffirmed its FY22 guidance elements given during its business update as its recent initiatives (national brand inventory build, … Full story available on Benzinga.com
Bed Bath Beyond Likely To Face Heat Due To Changing Consumer Spending, Says Analyst
Raymond James analyst Bobby Griffin has reiterated an Underperform rating on the shares of Bed Bath Beyond Inc (NASDAQ: BBBY ). The analyst said the company’s Q2 sales were relatively in-line with its August 31 business update, while adjusted EBIT came in below his and consensus expectations, primarily driven by higher-than-anticipated SGA. He added that the management reaffirmed its FY22 guidance elements given during its business update as its recent initiatives (national brand inventory build, … Full story available on Benzinga.com