Bed Bath & Beyond's revenue slips as company approaches bankruptcy
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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.
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