Read more

BBBY's mighty declines ahead of Wall Street's opening

1:16 PM 31 August 2022

The mood around Bed Bath & Beyond (BBBY.US) deteriorated ahead of the opening of today's session following a series of news related to a strategic update. Here are the company's key developments:

  • The company confirmed obtaining $500 million in new financing to improve its liquidity position

  • The company announces layoffs (20% of the workforce) and store closures (150) to reduce costs

  • Company announces sale of up to 12 million shares of common stock (ATM). 

  • The company is reducing its capital spending plan from $400 million to $250 million and exiting ⅓ of its brands (Haven, Wild Sage and Studio 3B).

  • The company's shares are currently losing more than 24%. Source: BloombergŹródło: Bloomberg

Share:
Back

Market News

03.07.2025
15:33

BREAKING: NATGAS inventories up more than expected 📈

15:30 BST - United States, change in natural gas inventories: Actual: 55 billion cubic feet Forecast: 53 billion cubic feet Previous:...

 15:02

BREAKING: ISM Services returns above 50 📈

02:45 PM BST, United States - PMI Data for June: S&P Global Services PMI: actual 52.9; forecast 53.1; previous 53.1; S&P...

 13:31

BREAKING: EURUSD slumps on strong NFP❗️

01:30 PM BST, United States - Employment Data for June: Participation Rate: actual 62.3%; previous 62.4%; Unemployment...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits