Has Bed Bath & Beyond Stock Bottomed Out?
Its SSSG (same-store sales growth) failed to meet analysts’ expectations in both the first and second quarters of 2018. After posting its second-quarter earnings, management lowered the company’s SSSG (same-store sales growth) and EPS guidance for 2018, leading to a fall in the stock. Growth was driven by the addition of new stores, which was partially offset by a decline in SSSG.