Advertisement
New Zealand markets closed
  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     
  • NZD/USD

    0.6020
    -0.0013 (-0.22%)
     
  • NZD/EUR

    0.5586
    -0.0008 (-0.14%)
     
  • ALL ORDS

    8,022.70
    +28.50 (+0.36%)
     
  • ASX 200

    7,749.00
    +27.40 (+0.35%)
     
  • OIL

    78.33
    -0.93 (-1.17%)
     
  • GOLD

    2,375.30
    +35.00 (+1.50%)
     
  • NASDAQ

    18,151.27
    +37.81 (+0.21%)
     
  • FTSE

    8,433.76
    +52.41 (+0.63%)
     
  • Dow Jones

    39,486.79
    +99.03 (+0.25%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • NZD/JPY

    93.8010
    +0.0330 (+0.04%)
     

Has Bed Bath & Beyond Stock Bottomed Out?

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.