Bed Bath & Beyond Stock Is Cratering Because Its Earnings Buckled Under Supply Chain Pressures

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Bed Bath & Beyond‘s turnaround hit a triple roadblock of higher prices, supply chain issues, and the Delta variant. Its stock is tumbling.

Bed Bath & Beyond had been staging a turnaround since CEO Mark Tritton, with the stock up 25% in 2021 heading into Thursday’s earnings release, ahead of the S&P 500’s 16% rise and the Dow Jones Industrial Average’s12% advance. Now that’s been called into question after Bed Bath & Beyond (ticker: BBBY) reported an adjusted profit of four cents a share, missing forecasts for 52 cents a share,…

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