-
Bed Bath & Beyond (BBBY) Q4 2021 earnings
Mattress Tub and Further than on Wednesday documented a astonishing vacation-quarter loss, as the firm ran lower on stock and struggled to transfer merchandise out of congested ports and on to shelves. Shares fell far more than 10{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} in premarket trading, as buyers weighed the information. CEO Mark Tritton stated out-of-inventory products brought on the company to overlook out on about $175 million in fiscal fourth-quarter income. That is higher than the prior quarter, when supply chain bottlenecks price tag the company about $100 million. Tritton explained in a CNBC job interview that the home merchandise retailer is dissatisfied by its success. He reported “major headwinds in the macro surroundings”…