Bed Bath & Beyond Inc. shares rose 11.2% in Wednesday trading after the home goods retailer reported fiscal first-quarter sales that beat expectations and comparable sales grew versus the same period pre-pandemic.
Net losses totaled $50.9 million, or 48 cents per share, after a loss of $302.3 million, or $2.44 per share, last year. Adjusted EPS of 5 cents per share fell short of the FactSet consensus for 8 cents per share.
Sales of $1.954 billion were up from $1.307 billion last year and ahead of the FactSet consensus for $1.873 billion.
Source: Marketwatch
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