Bed Bath & Beyond’s second quarter earnings went beyond expectations. The home goods retailer saw its net income rise to nearly $218 million from a loss of about $139 million last year, company executives reported on a Thursday earnings call. That growth was largely driven by digital sales, which surged 89 percent. Despite the strong quarter, in-store sales experienced a 12 percent decline. The company is on track to close 200 of its “less productive”
source https://therealdeal.com/2020/10/01/pandemic-profits-buoy-bed-bath-beyond/
No comments:
Post a Comment