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Yahoo Finance Live anchor Dave Briggs highlights the economic data and company earnings report to watch out for next week.
Meanwhile, Bed Bath & Beyond locked up $505 million of new debt financing to shore up its liquidity. Three months ago, Bed Bath & Beyond announced that comparable sales fell 23% year over year in the first quarter. Management projected that sales trends would remain similar in the second quarter before improving in the second half of fiscal 2022.
Struggling home goods retailer Bed Bath & Beyond Inc is taking an axe to stores and jobs and overhauling its merchandising strategy, but its return to profitability anytime soon may hinge on luring U.S. shoppers who currently spend $18.2 billion a year on baby goods. The company's buybuy Baby unit is the largest specialty baby-product retailer in the U.S., according to GlobalData. Holding onto buybuy Baby -- which Bed Bath & Beyond had put up for sale under shareholder pressure before reversing course in August -- helped the parent company obtain its recent $375 million loan, the maximum amount it could borrow, a person familiar with the matter said.