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Bed Bath & Beyond Inc (BBBY.OQ)

BBBY.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Bed Bath & Beyond Says New Ceo Expected To Be Announced In Coming Weeks
Thursday, 5 Sep 2019 

Sept 4 (Reuters) - Bed Bath & Beyond Inc ::BED BATH & BEYOND PROVIDES STRATEGIC UPDATE IN LETTER TO SHAREHOLDERS.BED BATH & BEYOND INC - NEW CEO EXPECTED TO BE ANNOUNCED IN COMING WEEKS.BED BATH & BEYOND INC - SUBSTANTIAL PROGRESS HAS BEEN MADE TOWARD IDENTIFYING COMPANY'S NEXT PERMANENT CEO.BED BATH & BEYOND INC - AGGRESSIVE REDUCTION OF UP TO $1 BILLION OF INVENTORY IS EXPECTED TO BE EXECUTED OVER NEXT 18 MONTHS.BED BATH & BEYOND- "RAPID REFRESH OF NEARLY 160 BED BATH & BEYOND STORES IS UNDERWAY AND IS EXPECTED TO BE FINISHED IN ADVANCE OF 2019 HOLIDAY SEASON".BED BATH & BEYOND INC - CONTINUE TO EVALUATE CO'S FLEET.BED BATH & BEYOND - EXPECT TO TAKE ADVANTAGE OF HEAVY LEASE EXPIRATION CADENCE OVER NEXT COUPLE OF YEARS, TO CLOSE UNDERPERFORMING/RELOCATE STORES.BED BATH & BEYOND INC - WORKING WITH OUTSIDE ADVISORS, INCLUDING GOLDMAN SACHS.  Full Article

Bed Bath & Beyond Lays Off About 7% Of Corporate Staff
Tuesday, 23 Jul 2019 

July 23 (Reuters) - Bed Bath & Beyond Inc ::. INITIATES CORPORATE WORKFORCE REDUCTION.REALIGNMENT OF COST STRUCTURE SUPPORTS ONGOING BUSINESS TRANSFORMATION.DEPARTURE OF PRESIDENT AND CHIEF OPERATING OFFICER.EXPECTS TO INCUR PRE-TAX CASH RESTRUCTURING CHARGES OF APPROXIMATELY $12.0 MILLION IN FISCAL 2019.ORGANIZATIONAL CHANGES ARE ESTIMATED TO GENERATE FUTURE ANNUAL PRE-TAX NET SAVINGS OF APPROXIMATELY $30.7 MILLION.RESULTED IN A REDUCTION OF APPROXIMATELY 7% OF ITS CORPORATE STAFF, INCLUDING VICE PRESIDENTS, DIRECTORS, MANAGERS AND PROFESSIONAL STAFF.EXPECTS ITS FISCAL 2019 FULL YEAR NET EARNINGS PER DILUTED SHARE TO BE AT LOWER END OF $2.11 TO $2.20.COMPANY WILL CONTINUE TO REVIEW ITS COST STRUCTURE TO IDENTIFY ADDITIONAL COST-SAVINGS OPPORTUNITIES..EACH OF IMPACTED ASSOCIATES WAS OFFERED SEVERANCE PAY AND OTHER COMPANY SUPPORT TO ASSIST THEM WITH JOB TRANSITION..PRE-TAX NET SAVINGS FOR REMAINDER OF FISCAL 2019 ARE ESTIMATED TO BE APPROXIMATELY $18.9 MILLION.BED BATH & BEYOND - REDUCTION IN CORPORATE STAFF AT ITS HQ IN UNION, NEW JERSEY, OTHER SELECT LOCATIONS WHERE CORPORATE ASSOCIATES ARE BASED.EUGENE CASTAGNA, PRESIDENT AND COO, DEPARTED TODAY AND ROLE HAS BEEN ELIMINATED.FY EARNINGS PER SHARE VIEW $1.91 -- REFINITIV IBES DATA.BED BATH & BEYOND - EXPECTS TO SEE A GRADUAL, SEQUENTIAL IMPROVEMENT IN ITS QUARTERLY EARNINGS PER SHARE, WITH VAST MAJORITY OF EARNINGS PER SHARE TO BE EARNED IN H2.  Full Article

Bed Bath & Beyond Inc. Q1 Loss Per Share $2.91
Thursday, 11 Jul 2019 

July 10 (Reuters) - Bed Bath & Beyond Inc ::. REPORTS RESULTS FOR FISCAL 2019 FIRST QUARTER.Q1 LOSS PER SHARE $2.91.Q1 SALES $2.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.58 BILLION.Q1 SAME STORE SALES FELL 6.6 PERCENT.Q1 EARNINGS PER SHARE ESTIMATE $0.08 -- REFINITIV IBES DATA.Q1 ADJUSTED EARNINGS PER SHARE $0.12.SETS QUARTERLY DIVIDEND OF $0.17PER SHARE.ON JULY 8, 2019, COMPANY'S BOARD OF DIRECTORS DECLARED A QUARTERLY DIVIDEND OF $0.17 PER SHARE.FOR 2019, COMPANY IS MODELING TO BE AT LOWER END OF ITS PREVIOUSLY PROVIDED RANGES OF $11.4 BILLION TO $11.7 BILLION FOR NET SALES.Q1 INCLUDED UNFAVORABLE IMPACT OF APPROXIMATELY $3.03 PER DILUTED SHARE RELATED TO NON-CASH IMPAIRMENT.FOR 2019, EXPECTS $2.11 TO $2.20 FOR NET EARNINGS PER DILUTED SHARE.FY EARNINGS PER SHARE VIEW $1.98, REVENUE VIEW $11.48 BILLION -- REFINITIV IBES DATA.HAVE SET FOUR KEY NEAR-TERM PRIORITIES.BED BATH & BEYOND - PRIORITIES INCLUDE STABILIZING, DRIVING TOP-LINE GROWTH; RESETTING COST STRUCTURE; REVIEWING AND OPTIMIZING COMPANY'S ASSET BASE.  Full Article

Bed Bath & Beyond Says Investor Group Has Agreed To Withdraw Its Slate Of Ten Board Nominees
Wednesday, 29 May 2019 

May 29 (Reuters) - Bed Bath & Beyond Inc ::BED BATH & BEYOND INC. CONTINUES TRANSFORMATION AND ANNOUNCES APPOINTMENT OF FOUR NEW DIRECTORS TO THE BOARD.BED BATH & BEYOND INC - BOARD WILL COMPRISE 13 DIRECTORS.BED BATH & BEYOND INC - ADDITION OF THESE FOUR NEW INDEPENDENT DIRECTORS - JOHN E. FLEMING, SUE E. GOVE, JEFFREY A. KIRWAN AND JOSHUA E. SCHECHTER.BED BATH & BEYOND INC - ENTERED INTO A COOPERATION AND SUPPORT AGREEMENT WITH INVESTOR GROUP.BED BATH & BEYOND INC - INVESTOR GROUP HAS AGREED TO WITHDRAW ITS SLATE OF TEN NOMINEES.BED BATH & BEYOND INC - LITIGATION FILED BY A MEMBER OF INVESTOR GROUP IS ALSO BEING WITHDRAWN AND DISMISSED.BED BATH & BEYOND INC - INVESTOR GROUP HAS AGREED TO VOTE IN FAVOR OF ALL OF CO-RECOMMENDED DIRECTOR NOMINEES AT 2019 AND 2020 ANNUAL MEETINGS.BED BATH & BEYOND INC - INVESTOR GROUP ALSO HAS AGREED TO ABIDE BY CERTAIN CUSTOMARY STANDSTILL PROVISIONS.BED BATH & BEYOND INC - LITIGATION FILED BY A MEMBER OF INVESTOR GROUP IS ALSO BEING WITHDRAWN AND DISMISSED..  Full Article

Bed Bath & Beyond Lays Off Nearly 150 Of Its 65,000 Employees - CNBC
Thursday, 28 Mar 2019 

March 28 (Reuters) - :BED, BATH & BEYOND LAYS OFF NEARLY 150 OF ITS 65,000 EMPLOYEES - CNBC.  Full Article

Bed Bath & Beyond Says Robyn D'Elia Promoted To Chief Financial Officer
Wednesday, 6 Jun 2018 

June 5 (Reuters) - Bed Bath & Beyond Inc ::BED BATH & BEYOND INC. ANNOUNCES SENIOR MANAGEMENT CHANGES.BED BATH & BEYOND INC - ROBYN M. D'ELIA PROMOTED TO CHIEF FINANCIAL OFFICER & TREASURER.BED BATH & BEYOND INC - EUGENE A. CASTAGNA NAMED PRESIDENT & CHIEF OPERATING OFFICER.  Full Article

Bed Bath & Beyond Q3 Earnings Per Share $0.44
Thursday, 21 Dec 2017 

Dec 20 (Reuters) - Bed Bath & Beyond Inc ::REPORTS RESULTS FOR FISCAL 2017 THIRD QUARTER.Q3 EARNINGS PER SHARE $0.44.Q3 SALES $3.0 BILLION VERSUS I/B/E/S VIEW $2.9 BILLION.Q3 SAME STORE SALES FELL 0.3 PERCENT.Q3 EARNINGS PER SHARE VIEW $0.37 -- THOMSON REUTERS I/B/E/S.SEES NET EARNINGS PER DILUTED SHARE FOR FULL YEAR TO BE ABOUT $3.00.CONTINUES TO SEE FISCAL 2017 EARNINGS PER SHARE TO BE ABOUT $3.00.QTRLY COMPARABLE SALES DECREASE OF APPROXIMATELY 0.3%.  Full Article

UPDATE 2-Bed Bath & Beyond hires Target executive as CEO

Oct 9 Bed Bath & Beyond Inc on Wednesday hired Target Corp's Mark Tritton as chief executive officer, months after its long-time head, Steven Temares, left the company under pressure from activist investors, sending its shares up 23%.