Bed Bath & Beyond's revenue slips as company approaches bankruptcy
CBSN
Bed Bath & Beyond reported $1.26 billion in revenue, much lower than Wall Street onlookers expected, as the home goods company struggles to strike the right balance with its shoppers.
The company's third-quarter earnings arrive as company officials have already hinted at filing for bankruptcy protection. Bed Bath & Beyond also said it lost $393 million during the quarter ended November 26.
The financial results reported Tuesday do not bode well for a company that spent the pandemic years being prompted up by meme stock investors.
Primaries in different parts of the country on Tuesday could exert some influence on Republicans' chances at gaining back ground from Democrats in November and help decide whether an often unpredictable House Republican who has upset members of her own party will make it to the general election. Here are a few races to watch:
A blistering heat wave that recently brought record-breaking temperatures to large sections of the southwestern United States, including several major cities, is forecast to continue this week as it tracks over much of the country on its way toward the East Coast. Meanwhile, meteorologists have warned that powerful storm weather could dump as much as a foot of rain, or more, on parts of Florida and potentially give rise to another round of tornado threats in central states. Metropolitan areas like Chicago may be affected by a possible twister.
After four days of voting, with more than 400 million people eligible across 27 countries, European voters have pulled the bloc's 720-seat parliament farther to the right than it has ever been. The European Parliament, for the next five years, will now have a record number of far-right legislators. Far-right parties made gains in Europe's top three economies — Germany, France and Italy — with gains by politicians who campaigned against immigration, against support for Ukraine and against climate policy.