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Jerm15
2021-11-03

Bed Bath & Beyond jumps 85% after announcing plans to complete $1B buyback

Bed Bath & Beyond(NASDAQ:BBBY)expects to complete its $1B three-year share repurchase plan by the en

Bed Bath & Beyond jumps 85% after announcing plans to complete $1B buyback

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Beyond(NASDAQ:BBBY)expects to complete its&nbsp;$1B three-year share repurchase plan by the end of fiscal 2021, two years ahead of schedule.</p>\n<p>Company has completed $600M in share repurchases since the end of fiscal 2020.</p>\n<p>Now expects to repurchase the remaining $400M by the end of fiscal 2021, specifically over the Q3 and Q4.</p>\n<p><img src=\"https://static.tigerbbs.com/026a90f97d75035beaf8d2b91bb8ced5\" tg-width=\"663\" tg-height=\"265\" width=\"100%\" height=\"auto\"></p>\n<p>Mark Tritton,&nbsp;President and CEO commented, \"As we continue to navigate the third quarter, the corrective and surgical pricing actions we've implemented are resulting in a trend toward expected gross margin rates for the period.&nbsp; Sales to date have remained consistent with the September trends we shared on our earnings call several weeks ago.&nbsp; Our focus remains on delivering comp sales growth in the all-important November month, which represents a disproportionately larger impact to our quarterly sales.&nbsp; We are preparing for the peak Holiday season and are particularly excited about the new future sales channels that we've announced today, which are our strategic collaboration with Kroger and our own digital Marketplace.\"</p>\n<p>Shares&nbsp;jump 85%&nbsp;during post-market hours to $16.75.</p>\n<p>Bullish commentary on the stock by contributors who write: 'The Customer-Inspired Strategy Based On Data Analysts Makes Bed Bath &amp; Beyond A Buy' and 'Bed Bath &amp; Beyond: Deeply Undervalued (If Transformation Is Successful)'</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bed Bath & Beyond jumps 85% after announcing plans to complete $1B buyback</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBed Bath & Beyond jumps 85% after announcing plans to complete $1B buyback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-03 08:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3763452-bed-bath-beyond-flies-whopping-85-plans-to-complete-1b-buyback-by-the-end-of-fy2021><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bed Bath & Beyond(NASDAQ:BBBY)expects to complete its $1B three-year share repurchase plan by the end of fiscal 2021, two years ahead of schedule.\nCompany has completed $600M in share repurchases ...</p>\n\n<a href=\"https://seekingalpha.com/news/3763452-bed-bath-beyond-flies-whopping-85-plans-to-complete-1b-buyback-by-the-end-of-fy2021\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居"},"source_url":"https://seekingalpha.com/news/3763452-bed-bath-beyond-flies-whopping-85-plans-to-complete-1b-buyback-by-the-end-of-fy2021","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1127572635","content_text":"Bed Bath & Beyond(NASDAQ:BBBY)expects to complete its $1B three-year share repurchase plan by the end of fiscal 2021, two years ahead of schedule.\nCompany has completed $600M in share repurchases since the end of fiscal 2020.\nNow expects to repurchase the remaining $400M by the end of fiscal 2021, specifically over the Q3 and Q4.\n\nMark Tritton, President and CEO commented, \"As we continue to navigate the third quarter, the corrective and surgical pricing actions we've implemented are resulting in a trend toward expected gross margin rates for the period.  Sales to date have remained consistent with the September trends we shared on our earnings call several weeks ago.  Our focus remains on delivering comp sales growth in the all-important November month, which represents a disproportionately larger impact to our quarterly sales.  We are preparing for the peak Holiday season and are particularly excited about the new future sales channels that we've announced today, which are our strategic collaboration with Kroger and our own digital Marketplace.\"\nShares jump 85% during post-market hours to $16.75.\nBullish commentary on the stock by contributors who write: 'The Customer-Inspired Strategy Based On Data Analysts Makes Bed Bath & Beyond A Buy' and 'Bed Bath & Beyond: Deeply Undervalued (If Transformation Is Successful)'","news_type":1},"isVote":1,"tweetType":1,"viewCount":403,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}