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Home Design Interiors Industry braces for Bed Bath & Beyond’s strategic update this week |...

Industry braces for Bed Bath & Beyond’s strategic update this week | Home Accents Today


Union, N.J. – A dire forecast from Morgan Stanley is elevating the stakes even additional on Mattress Bathtub & Past because it prepares to stipulate its progress on Aug. 31.

The funding administration agency is estimating the corporate will present an EBITDA lack of $212 million this 12 months and destructive money movement of $918 million, in accordance with Searching for Alpha. Key factors Morgan Stanley is looking for in Bed Bath & Beyond’s strategic update embrace:

  • The phrases of its just lately secured financing. Particulars haven’t but been made public.
  • The affect of that financing on money movement.
  • Mattress Bathtub & Past’s present relationship with distributors. Final week, Bloomberg reported that some vendors had begun restricting or stopping shipments to Bed Bath & Beyond resulting from late funds.
  • Plans to stabilize the enterprise. Q1 comp gross sales fell 23% on a consolidated foundation and have been down 27% on the Mattress Bathtub & Past chain. In late June, quarter-to-date comps have been nonetheless trending within the destructive 20’s.
  • Plans for the buybuy Child enterprise, which generated double-digit progress final 12 months and rang up greater than $1.4 billion in gross sales

Mattress Bathtub & Past interim CEO Sue Gove can also be prone to focus on the retailer’s efforts to rebalance its merchandise assortment, which had change into overstuffed with non-public label items. As well as, she might touch upon the corporate’s seek for a everlasting CEO.

The Bed Bath & Beyond strategic update shall be broadcast stay from the Investor Relations web page of its web site on Wednesday, Aug. 31 at 8:15 a.m. ET. The corporate mentioned final week that it’ll launch presentation supplies round 7:30 a.m. forward of the webcast.

See additionally:

Bed Bath & Beyond reportedly seeking liquidity boost

HomeGoods, Big Lots gain Q2 share in home as Bed Bath & Beyond declines further

Bed Bath & Beyond bailing out of at least one private label brand

 

 

 

 

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