Why BBBY’s Same-Store Sales Growth Was Lower than Expected
During its first quarter, Bed Bath & Beyond (BBBY) posted a fall in SSSG (same-store sales growth) of 0.6% compared to analysts’ consensus expectation of a rise of 0.1%. The fall in its SSSG was the result of a fall in its number of transactions, which was partially offset by a rise in its average transaction amount. In the graph above, we can see that the company’s SSSG has been negative for the last five quarters.