Goldman Sachs on Bed Bath & Beyond (BBBY): 'sizable miss to our expectations', Says of Co Bonds 'We expect the market reaction to be quite negative'

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Go back to Goldman Sachs on Bed Bath & Beyond (BBBY): 'sizable miss to our expectations', Says of Co Bonds 'We expect the market reaction to be quite negative'

BED BATH & BEYOND INC. REPORTS FISCAL 2021 FOURTH QUARTER RESULTS (ENDING FEBRUARY 26th, 2022)

April 13, 2022 7:30 AM EDT

Q4 Net Sales of $2,051M; Comparable Sales of (12)% Impacted by Ongoing Supply Chain and Inventory Availability Challenges

Q4 GAAP Gross Margin of 28.3%; Adjusted Gross Margin of 28.8% including 360bps of Higher than Expected, Escalating Supply Chain Costs

Excluding Supply Chain Cost Increases, Q4 Adjusted Gross Margin of 32.4%

Second Year of Transformation to Continue in Fiscal 2022

UNION, N.J., April 13, 2022 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq:... More