Bed Bath & Beyond Narrows Financial Targets
October 02 2019 - 5:16PM
Dow Jones News
By Micah Maidenberg
Bed Bath & Beyond Inc. (BBBY) narrowed its sales guidance
for its current fiscal year.
The struggling retailer said Wednesday it now expects sales of
about $11.4 billion for its 2019 fiscal year. Previously, it
forecast up to $11.7 billion in sales, and no less than $11.4
billion.
The company also lowered the top end of its earnings estimate
for the year, forecasting annual earnings of $2.08 and $2.13 a
share, compared to $2.11 to $2.20 s share earlier.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
October 02, 2019 17:01 ET (21:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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