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samaja_vargamanaa

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samaja_vargamanaa

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Bed, Bath and Beyond Inc. (BBBY) are falling in Tuesday's market, after the company announced if was reducing staff at its headquarters and several other corporate locations, and that it expected previously provided guidance to be at the lower end of the given ranges. 

At 1:47 p.m. ET, the retailer's shares had fallen 0.27% to trade at $9.33. Earlier in the session they hit $9.13, below the prior 52-week low of $9.28. Shares opened at $9.43 and traded as high as $9.56 earlier in the session. 

The company said for fiscal 2019, it is "modeling to be at the lower end of its previously provided ranges of $11.4 billion to $11.7 billion for net sales and $2.11 to $2.20 for net earnings per diluted share." 

The retailer also said the realignment saw president and chief operating officer Eugene A. Castagna leave the company as of today. 

 

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