Bed Bath and Beyond Came Out with a Earnings Report and It’s Not Looking Good

    Author Stas SerfesPosted on Format VideoCategories Investing VideosTags , , , , , , , , , ,

    Bed Bath and Beyond (NASDAQ:BBBY) Earnings Report

    You guys know Bed Bath & Beyond (NASDAQ:BBBY), right? The WallStreetBets stock that just recently went from $4 in the beginning of July, all the way to 30 bucks in the middle of August.

    You know that stock, right? Well, they just reported earnings and they did not do well. Let’s talk.

    Bed Bath & Beyond (NASDAQ:BBBY) reported negative $3.22 cents in earnings per share, so they lost a ton of money on the quarter versus the negative $1.85 estimate, so they also missed the estimate.

    And revenue came in at about $1.44 billion, which just ever so slightly missed, a $1.45 billion estimate.

    And year over year, this company is really struggling.

    Their same store sales are down 26%, which goes to show this is not a company that’s moving their stock.

    It’s not moving based on fundamentals. It’s all about height, momentum, and really the WallStreetBets community pushing it.

    And the stock is at $6 right now, roughly when, like I said, it was just that 30.

    So it is down big time over the past couple of weeks.

    Let me know your thoughts. Follow along…

    Disclaimer

    Author Stas Serfes
    About the author: Stas Serfes is a stock market investor/trader who owns Strive Smart LLC, a media company that’s amassed millions of views across multiple platforms. Upon graduating college, he realized he wanted to take the entrepreneurial route and create his own path. In 2017 Stas started his Youtube channel “Stas Serfes” where he began creating content on his experiences in the stock market and what he’s learned. This stemmed from his passion about money, business, stocks, and personal finance.