Bed Bath & Beyond Inc (NYSE:BBBY) shares are trading lower after reporting second-quarter financial results that missed Wall Street expectations.
Bed Bath & Beyond stock is feeling bearish pressure.
Why are BBBY shares down?
Q2 Financial Results Miss Wall Street Expectations The company reported an adjusted loss of 53 cents per share, missing consensus estimates of 26 cents per share.
Quarterly net revenue totaled $361.16 million, up 28% year-over-year but falling slightly short of analyst estimates of $362.38 million.
