Promises, Promises

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Bed Bath & Beyond released its final yearly results yesterday as well as a forecast on what’s ahead for the beleaguered retailer. It really is a tale of two cities as the company says it’s making improvements and expects to be riding high by 2020 and 2021. But a closer look at the numbers — and the increased agitation from a group of investors who want to kick out the current management and board — paints a very different picture. BBB is talking the talk but right now it’s a lot more promises than hard results. Two different scenarios make for a Stupid situation indeed.

Here’s my take on Forbes.com: https://www.forbes.com/sites/warrenshoulberg/2019/04/10/no-blood-bath-at-bed-bath-beyond-for-now-but-its-new-numbers-still-a-mixed-bag/#77771fc34e57

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