Why Bed Bath & Beyond Shares Are Getting Hammered
Why Bed Bath & Beyond Shares Are Getting Hammered
Bed Bath & Beyond Inc (NASDAQ:BBBY) shares are trading lower by 23.38% to $0.45 Friday afternoon after the company recently entered a $300 million at the market offering program and issued weak fourth-quarter guidance.
What Else?
Bed Bath & Beyond has entered into a common stock purchase agreement and a registration rights agreement with B. Riley Principal Capital II LLC for additional capital.
The company also provided preliminary financial results for the fiscal 2022 fourth quarter, with net sales of approximately $1.2 billion (consensus $1.43 billion), comparable sales decline in the 40% to 50% range, continuation of negative operating losses and modest free cash flow usage.
Bed Bath & Beyond says the company has not yet completed its fourth-quarter and full-year financial close and plans to provide its full results at the end of April 2023.
According to data from Benzinga Pro, BBBY has a 52-week high of $30.00 and a 52-week low of $0.45.
3B家居(NASDAQ:BBBY)股价周五下午下跌23.38%,至0.45美元,此前该公司最近在市场发行计划中进入了3亿美元,并发布了疲软的第四季度指引。
还有什么?
3B家居已与B. Riley Principal II LLC签订了普通股购买协议和注册权协议,以获得额外资金。
该公司还公布了2022财年第四季度的初步财务业绩,净销售额约为12亿美元(共识为14.3亿美元),可比销售额下降了40%至50%,持续出现负营业亏损,自由现金流使用量不大。
3B家居表示,该公司尚未完成第四季度和全年财务结算,并计划在2023年4月底公布其全部业绩。
根据Benzinga Pro的数据,BBBY的52周高点为30.00美元,52周低点为0.45美元。
译文内容由第三方软件翻译。
风险及免责提示
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用浏览器的分享功能,分享给你的好友吧