Bed Bath & Beyond withdraws fiscal 2019 outlook, to reveal strategic plans next year
Andrew Harrer | Bloomberg | Getty Imageswithdrew its fiscal 2019 outlook on Wednesday, saying that it would reveal its strategic plans in early 2020.
The retailer also reported third-quarter earnings and revenue that fell short of Wall Street's expectations. The company's new CEO Mark Tritton called the results "unsatisfactory" in a statement, saying that the company has to create a durable business model for long-term profitable growth.Here's how the retailer did during its fiscal third quarter compared with what analyst were expecting, based on Refinitiv data:Revenue: $2.76 billion vs. $2.
to take over the leadership position at the beginning of November, has wasted no time to embark on his own turnaround plans.with an affiliate of Oak Street Real Estate Capital, netting it $250 million in proceeds. It sold roughly 2.1 million square feet of commercial real estate, which includes stores, office space and a distribution center, to the firm and will lease it back.
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