This was because in-store sales declined mid-single digits, somewhat offset by robust sales at its customer-facing digital networks.
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In fact, this marked the first earnings and sales miss after three consecutive beats.
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However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.Zacks Investment Research Reblog Share Tweet Share Recently Viewed Your list is empty.The downside can be attributed to the fiscal calendar shift and the loss of the 53rd week.
Bed Bath Beyond mobile coupons feature a scannable barcode that customers can present at the point of sale.The view was slashed due to various factors including the expected impact of the Hurricane Florence, and tariffs on imports from China.
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However, the company still expects to witness operating margin contraction lower than that in fiscal 2017.
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Net sales are anticipated to increase in the mid-single-digits rate in third-quarter fiscal 2018, while it is estimated to fall in the high-single digits rate in the fourth quarter.
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Earlier, net sales were anticipated to remain relatively flat to marginally up year over year and comps were likely to increase in the low-single digit percentage range.
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It turns out, fresh estimates flatlined during the past month.
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