Why Bed Bath & Beyond Stock Is Slumping Today

Why Bed Bath & Beyond Stock Is Slumping Today

Shares of home-goods retailer Bed Bath & Beyond (NASDAQ: BBBY) were down sharply in early trading on Thursday, after the company reported a loss for its fiscal first quarter that was wider than Wall Street had expected. About 200 Bed Bath & Beyond stores will close under a restructuring plan, the company's CEO said on Wednesday.