edelfenbein
After the bell yesterday, Bed Bath & Beyond (BBBY) said its first-quarter earnings will be between 36 cents a share and 38 cents a share. Wall Street was looking for 39 cents a share. Frankly, this is upsetting, but it's not that bad.
As usual, housing is to blame. Steven Temares, the CEO, said "the overall retailing environment, especially sales of merchandise related to the home, has been challenging."
Last year, BBBY reported earnings of 35 cents a share. The company is due to report on June 27. The stock opened trading today at $37.93.
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