Bed Bath & Beyond Narrows Financial Targets

Date : 10/02/2019 @ 9:16PM
Source : Dow Jones News
Stock : Bed Bath and Beyond Inc (BBBY)
Quote : 14.2  0.39 (2.82%) @ 4:59AM
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Last $ 14.17 ▼ -0.03 (-0.21%)

Bed Bath & Beyond Narrows Financial Targets

Bed Bath and Beyond (NASDAQ:BBBY)
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2 Months : From Sep 2019 to Nov 2019

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   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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