Advertisement
New Zealand markets open in 9 hours 7 minutes
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5934
    -0.0002 (-0.04%)
     
  • NZD/EUR

    0.5548
    +0.0002 (+0.04%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    83.03
    +0.22 (+0.27%)
     
  • GOLD

    2,342.20
    +3.80 (+0.16%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,084.89
    +44.51 (+0.55%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    17,953.70
    -135.00 (-0.75%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • NZD/JPY

    92.3450
    +0.2300 (+0.25%)
     

Why BBBY’s Same-Store Sales Growth Was Lower than Expected

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.