Menu

What’s in store for Bed Bath & Beyond (BBBY) after leadership shakeup?

By Staff Correspondent |
Bed Bath & Beyond (BBBY) surpasses Q2 earnings estimates, comp sales decrease 6,7%

The dismal performance of Bed Bath & Beyond (NASDAQ: BBBY) in the recent quarters shows that its troubles aggravated in 2019, thwarting shareholders’ hopes for a revival. As the year comes to a close, the home furnishing retailer is busy reshuffling its executive team, with the latest move being the appointment of Cathy Smith as the new CFO. The company’s stock traded higher during Tuesday’s regular session.

Executive Reshuffle

Ever since Mark Tritton took charge as the new CEO a few months ago, nearly one dozen top officials stepped down from the company amid demands from activist investors for effective steps to put things in order. The company has long been reporting negative comparable sales continuously, due to weak store traffic that worsened progressively. The market responded positively to Tritton’s bold stance, which gave the stock a modest fillip.

Bed Bath & Beyond (BBBY) surpasses Q2 earnings estimates, comp sales decrease 6,7%

For the store operator, a comprehensive transformation is the need of the hour, considering the chaotic system of stores operating without proper order or direction. As a potential solution, the company reportedly pursued its sale at one point. As of now, efforts are on to streamline operations and get rid of under-performing ancillary businesses.

Recovery Hope

But, the question is whether these initiatives would be helpful in achieving a turnaround. It needs to be noted that the company went through one of its worst phases at a time when the retail sector as a whole was doing quite well, aided by strong consumer spending. The fact that Bed Bath & Beyond has not been able to take advantage of the holiday season might dampen the market’s sentiment further.

Related: Walmart stock rises on Q3 earnings beat, FY20 outlook

Obviously, a long-term program is needed to put the retailer back on track – a strategy focused on leveraging the company’s brand value, which is still intact, and its healthy cash flow. Tritton, who is a former executive of Target Corp. (TGT), might seek to include more private-label brands in Bed Bath & Beyond’s merchandise.

Mixed Q2

Meanwhile, the New Jersey-based big-box retailer reported better-than-expected adjusted earnings of $0.34 per share for the second quarter. Revenues declined 7% and missed the Street view as comparable sales dropped 6.7%.

Also Read: Bed Bath & Beyond Q2 2019 Earnings Call Transcript

Shares of the company plunged to a multi-year low mid-August, after falling steadily over the past several years. Surprisingly, they regained strength since then and crossed the $15-mark this month. It needs to be seen whether the positive momentum will be carried forward into the next year.

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Advertisement

326 responses to “What’s in store for Bed Bath & Beyond (BBBY) after leadership shakeup?”

  1. cheap-premium-domains

    […]Wonderful story, reckoned we could combine a number of unrelated data, nevertheless seriously really worth taking a look, whoa did one find out about Mid East has got extra problerms also […]

  2. valentine gift

    […]Wonderful story, reckoned we could combine a few unrelated information, nonetheless truly really worth taking a search, whoa did 1 discover about Mid East has got additional problerms as well […]

  3. Click Here

    […]check below, are some entirely unrelated web sites to ours, nonetheless, they are most trustworthy sources that we use[…]

  4. Click Here

    […]Every as soon as inside a though we select blogs that we read. Listed beneath would be the newest web sites that we opt for […]

  5. Click Here

    […]we like to honor quite a few other internet web sites on the web, even when they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  6. Click Here

    […]very handful of internet sites that take place to become comprehensive below, from our point of view are undoubtedly very well worth checking out[…]

  7. Click Here

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nevertheless truly worth taking a look, whoa did 1 discover about Mid East has got a lot more problerms also […]

  8. Click Here

    […]very handful of sites that happen to become comprehensive below, from our point of view are undoubtedly well really worth checking out[…]

  9. Click Here

    […]although sites we backlink to beneath are considerably not connected to ours, we feel they may be in fact really worth a go via, so possess a look[…]

  10. Click Here

    […]we prefer to honor a lot of other net web sites around the internet, even though they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  11. Click Here

    […]we prefer to honor lots of other world wide web sites around the internet, even if they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  12. Click Here

    […]check below, are some absolutely unrelated internet websites to ours, having said that, they may be most trustworthy sources that we use[…]

  13. Click Here

    […]although web sites we backlink to below are considerably not related to ours, we feel they may be actually really worth a go through, so possess a look[…]

  14. Click Here

    […]check below, are some totally unrelated web-sites to ours, having said that, they’re most trustworthy sources that we use[…]

  15. Click Here

    […]we like to honor a lot of other online web pages on the web, even though they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  16. Click Here

    […]check below, are some absolutely unrelated websites to ours, having said that, they’re most trustworthy sources that we use[…]

  17. Click Here

    […]just beneath, are quite a few completely not connected sites to ours, having said that, they’re certainly worth going over[…]

  18. Click Here

    […]check beneath, are some absolutely unrelated websites to ours, on the other hand, they may be most trustworthy sources that we use[…]

  19. Click Here

    […]very few sites that take place to be detailed below, from our point of view are undoubtedly effectively really worth checking out[…]

  20. Click Here

    […]we like to honor several other internet sites around the web, even when they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  21. Click Here

    […]that will be the finish of this report. Here you will uncover some web-sites that we think you’ll enjoy, just click the links over[…]

  22. Click Here

    […]very handful of web-sites that occur to be comprehensive beneath, from our point of view are undoubtedly well worth checking out[…]

  23. Click Here

    […]although web sites we backlink to below are considerably not related to ours, we feel they are truly really worth a go by means of, so have a look[…]

  24. Click Here

    […]please take a look at the internet sites we stick to, which includes this one, because it represents our picks through the web[…]

  25. Click Here

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless seriously really worth taking a look, whoa did 1 learn about Mid East has got far more problerms at the same time […]

  26. Click Here

    […]although internet websites we backlink to below are considerably not connected to ours, we really feel they’re in fact worth a go through, so possess a look[…]

  27. Click Here

    […]we like to honor numerous other world-wide-web sites around the net, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  28. Click Here

    […]Wonderful story, reckoned we could combine a number of unrelated data, nevertheless definitely worth taking a appear, whoa did 1 learn about Mid East has got much more problerms as well […]

  29. Click Here

    […]just beneath, are a lot of absolutely not related web-sites to ours, nevertheless, they’re certainly really worth going over[…]

  30. 무료 카지노 게임

    […]we prefer to honor many other world wide web web sites around the net, even if they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  31. Google reviews

    […]although web-sites we backlink to beneath are considerably not related to ours, we really feel they may be truly really worth a go as a result of, so possess a look[…]

  32. Start porn australia

    […]we prefer to honor quite a few other internet websites on the web, even when they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  33. reputation defenders

    […]we prefer to honor a lot of other internet web-sites on the web, even when they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  34. future university in egypt

    […]we like to honor a lot of other net websites on the web, even when they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  35. Future University

    […]we prefer to honor lots of other net web sites on the web, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  36. Student Success

    […]Wonderful story, reckoned we could combine a number of unrelated data, nevertheless truly worth taking a appear, whoa did 1 master about Mid East has got extra problerms as well […]

  37. منهج الهندسة

    […]we prefer to honor numerous other online web sites on the net, even though they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  38. computer science alumni

    […]we prefer to honor lots of other internet sites on the net, even though they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  39. future unversity in egypt news

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless actually really worth taking a look, whoa did one particular study about Mid East has got a lot more problerms too […]

  40. Professional Finance education

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless seriously really worth taking a look, whoa did one discover about Mid East has got more problerms as well […]

  41. Faculty of dentistry

    […]very couple of web-sites that come about to become detailed beneath, from our point of view are undoubtedly properly really worth checking out[…]

  42. Innovative scientific research

    […]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless seriously really worth taking a search, whoa did one understand about Mid East has got additional problerms too […]

  43. Networking Events

    […]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless really really worth taking a look, whoa did a single master about Mid East has got extra problerms as well […]

  44. human-development

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless genuinely worth taking a look, whoa did a single study about Mid East has got additional problerms at the same time […]

  45. Maillot de football

    […]very handful of internet websites that transpire to become detailed below, from our point of view are undoubtedly properly really worth checking out[…]

  46. Maillot de football

    […]we like to honor many other world-wide-web internet sites on the net, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  47. SEOSolutionVIP Fiverr

    […]we prefer to honor quite a few other world-wide-web web pages around the web, even when they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  48. butterfly exercice

    […]Wonderful story, reckoned we could combine a few unrelated data, nonetheless seriously really worth taking a look, whoa did one particular discover about Mid East has got extra problerms also […]

  49. Fiverr Earn

    […]check beneath, are some absolutely unrelated web-sites to ours, nonetheless, they’re most trustworthy sources that we use[…]

  50. fiverrearn.com

    […]very couple of web-sites that come about to be in depth below, from our point of view are undoubtedly nicely really worth checking out[…]

  51. fiverrearn.com

    […]we like to honor several other web web pages on the web, even when they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  52. quietum plus

    […]Every after in a while we decide on blogs that we study. Listed beneath would be the most recent web pages that we opt for […]

  53. clima

    […]just beneath, are numerous totally not associated web-sites to ours, nevertheless, they are surely really worth going over[…]

  54. french bulldog

    […]very couple of internet sites that happen to become comprehensive below, from our point of view are undoubtedly very well really worth checking out[…]

  55. micro frenchie for sale

    […]we prefer to honor lots of other world wide web websites around the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  56. Sterling silver heart earrings

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless seriously worth taking a look, whoa did a single discover about Mid East has got more problerms at the same time […]

  57. Fiverr

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless actually worth taking a search, whoa did one study about Mid East has got extra problerms at the same time […]

  58. FUE

    […]just beneath, are many absolutely not connected web-sites to ours, nevertheless, they are certainly really worth going over[…]

  59. FiverrEarn

    […]Every when inside a whilst we choose blogs that we read. Listed beneath would be the most up-to-date web-sites that we decide on […]

  60. Tips

    […]that will be the end of this report. Here you’ll obtain some web-sites that we assume you will value, just click the hyperlinks over[…]

  61. french bulldog breeders texas

    […]we like to honor lots of other world wide web internet sites on the internet, even when they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  62. FiverrEarn

    […]although internet sites we backlink to beneath are considerably not related to ours, we feel they are essentially really worth a go by, so have a look[…]

  63. FiverrEarn

    […]Every after inside a whilst we choose blogs that we study. Listed beneath would be the most recent web sites that we opt for […]

  64. FiverrEarn

    […]that could be the finish of this article. Right here you will find some web-sites that we assume you will value, just click the hyperlinks over[…]

  65. Best Lightroom Presets

    […]although internet sites we backlink to below are considerably not connected to ours, we really feel they are actually really worth a go by means of, so have a look[…]

  66. live sex cams

    […]Every as soon as inside a even though we pick out blogs that we read. Listed beneath would be the latest internet sites that we opt for […]

  67. 늑대닷컴

    […]check beneath, are some absolutely unrelated web sites to ours, however, they’re most trustworthy sources that we use[…]

  68. OnePeace Live Action AMV

    […]we like to honor many other world wide web web pages on the web, even though they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  69. nang delivery

    […]very handful of internet sites that come about to be detailed beneath, from our point of view are undoubtedly effectively really worth checking out[…]

  70. หวย24

    […]that will be the finish of this post. Right here you will locate some web pages that we consider you will value, just click the hyperlinks over[…]

  71. Raahe Guide

    […]please take a look at the web sites we adhere to, including this a single, because it represents our picks through the web[…]

  72. Couples Therapy in Mayfair

    […]we prefer to honor a lot of other world-wide-web websites on the net, even when they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  73. megagame

    […]that would be the end of this write-up. Right here you’ll come across some web sites that we believe you will enjoy, just click the links over[…]

  74. 38/40 ammo

    […]that will be the finish of this write-up. Here you will discover some sites that we assume you will value, just click the hyperlinks over[…]

  75. 450 bushmaster ammo

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless seriously really worth taking a search, whoa did a single learn about Mid East has got more problerms as well […]

  76. sicarios en españa

    […]that could be the end of this article. Right here you’ll come across some internet sites that we consider you will enjoy, just click the links over[…]

  77. satoshi t shirt

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless actually worth taking a search, whoa did one learn about Mid East has got extra problerms too […]

  78. izcalli

    […]very few internet websites that take place to become in depth beneath, from our point of view are undoubtedly nicely really worth checking out[…]

  79. liz kerr

    […]Every after inside a when we pick out blogs that we read. Listed beneath are the latest websites that we pick […]

  80. Lenze

    […]although internet websites we backlink to beneath are considerably not connected to ours, we feel they’re truly worth a go by means of, so have a look[…]

  81. surrogacy mexico

    […]although web-sites we backlink to beneath are considerably not connected to ours, we feel they may be essentially worth a go by way of, so possess a look[…]

  82. nepo hat

    […]very handful of websites that occur to become comprehensive beneath, from our point of view are undoubtedly effectively worth checking out[…]

  83. chanel dog bowls

    […]although web-sites we backlink to below are considerably not associated to ours, we feel they may be really really worth a go by, so possess a look[…]

  84. crypto news

    […]we like to honor several other world wide web web pages on the internet, even though they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  85. Dog Papers

    […]just beneath, are numerous totally not related websites to ours, however, they may be certainly worth going over[…]

  86. french bulldog chihuahua mix

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless seriously worth taking a appear, whoa did one study about Mid East has got a lot more problerms at the same time […]

  87. vacation rentals isla mujeres

    […]although internet sites we backlink to beneath are considerably not connected to ours, we feel they’re basically really worth a go by means of, so possess a look[…]

  88. playnet app

    […]Every after inside a even though we choose blogs that we study. Listed below would be the most recent sites that we pick […]

Top