Bed Bath & Beyond withdraws its fiscal 2019 outlook

On Wednesday, Bed Bath & Beyond withdrew its fiscal 2019 outlook. Stating that it would reveal its strategic plans in early 2020. It expects sales and profitability to remain under pressure in its fiscal fourth quarter. The retailer also reported third-quarter earnings and revenue that fell short of Wall Street’s expectations.

Mark Tritton, who is the new CEO said that the results are ‘unsatisfactory’. For long-....