news 1 week ago

Is Bed Bath & Beyond Doomed?

The Street
Taking a look at Real Money's stock of the day Bed Bath & Beyond ? Approach it cautiously, warns Real Money's Stephen "Sarge" Guilfoyle. In case you missed it, Bed Bath & Beyond reported earnings after the bell Wednesday night. Bed Bath & Beyond topped analysts' fiscal first-quarter earnings estimates but said it expects fiscal-year earnings on the lower end of its guidance of $2.11 to $2.20 a share. The company reported same-store sales that fell 6.6%, which disappointed analysts, who were expecting a 3.8% decline. Here's what Guilfoyle had to say when he was asked whether or not interim CEO Mary Winston can turn the company around. "I feel real bad for Mary Winston. I mean she's got a tough job. She's only been there since May. She's less than two months on the job. She doesn't even have the title of permanent CEO...if you're not long this name and you're looking at it speculatively, I would find something else to buy" he said. Sorry About Those Coupons: Inside the History of Bed, Bath & Beyond