Bed Bath & Beyond shares lost 6.5 percent after the operator of home stores projected full-year profit that would trail analysts’ estimates. Profit will be $4.48 to $4.54 a share this year. Analysts had projected $4.62, the average of 25 estimates compiled by Bloomberg. As of Nov. 24, the company had 1,466 stores, according to a press release, including 1,003 Bed Bath & Beyond stores. It also operates World Market stores, Christmas Tree Shops, buybuy BABY, and other stores.
Bed Bath & Beyond’s forecast disappoints
December 21, 2012
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