Bed Bath & Beyond Shares Tank Amid Supply Chain Complications

by | Oct 2, 2021 | Conversation Starters | 0 comments

Bed Bath & Beyond had built up some momentum as its turnaround took hold, but now supply chain issues threaten to derail progress at a critical time. The retailer’s shares tanked more than 20% when it announced second quarter results that bore all the marks of inflation and decreased demand. CEO Mark Tritton sounded an optimistic note when he expressed confidence in the long-term effects of his company’s transformation, but pandemic-era supply chain complications will surely play a role in whatever comes next – and not just for Bed Bath & Beyond.

Bed Bath & Beyond slashed its revenue and earnings outlook for the year, and its third-quarter guidance looks underwhelming.

Read the full story at CNBC.

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