Page 62 - Mark Tritton News Today

The home-furnishings retailer is racking up losses and burning cash with no end in sight.

Investors are still digesting the company's weak Q4 earnings report.

In this article, we will take a look at the 11 stocks making headlines after releasing their financial results.

UNION (dpa-AFX) - Bed Bath & Beyond Inc. (BBBY) posted a fourth quarter comparable sales decline of 12% impacted by ongoing supply chain and inventory availability challenges. Bed Bath & Beyond

"Macroeconomic factors... have uncovered more vulnerabilities than we could have foreseen at this stage of our transformation," CEO Mark Tritton said.

Bed Bath & Beyond is in the middle of a turnaround effort and has been under pressure from an activist investor.

Bed Bath & Beyond swung to a surprise loss in fiscal fourth quarter. Bed Bath & Beyond Inc stock is down roughly 15% in premarket trading.

Bed Bath & Beyond Inc. (NASDAQ:NASDAQ:BBBY) Q4 2021 Earnings Conference Call April 13, 2022 08:15 AM ET Company Participants Susie Kim - Head of Investor Relations Mark Tritton -...

Bed Bath & Beyond was unable to overcome supply issues during the final quarter of the year that have tripped up the home goods chain for months and it warned Wednesday that those problems are carrying over into the new year. Shortages led to an estimated negative impact of about $175 million in sales during the quarter, CEO Mark Tritton said. Comparable store sales, which includes online sales, slumped 12%.

/PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today reported financial results for the fourth quarter of Fiscal 2021 ended February 26, 2022....