Thread regarding Bed Bath & Beyond layoffs

I don't understand

we have enough cash to run and grow the business.......
but we will do additional cost savings of 100M to maintain profit ratios.....
...and...we will still go ahead with the accelerated stock buyback
...and...we just paid a boat load to McKinsey to reinvent our customer focus

couldn't the 100M additional savings be avoided by pausing the stock buybacks (which are fueled by leverage anyway), and do we really need McKinsey to come and tell us our app, website and stores suck?

oh, and whoever is expecting a year end bonus.............gotcha!!

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Post ID: @OP+1eKvsq70

9 replies (most recent on top)

Cash will be less than 250-300m once the 4th quarter results are announced. Sales continue to be dismal and inventory non-existent. Not a good time to reduce skus, change all brands, and reduce store inventory!

Operating with debt will be next by end of 2022-2023!

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Post ID: @Abky+1eKvsq70

Same ol Bed Bath. Wasting money just like that time they had IT using stupid a-s sticky notes when we had meetings instead of the whiteboard.
Wasted millions of dollars on that sh-t!!!!!

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Post ID: @1zpl+1eKvsq70

“As of November 27, 2021, we had approximately $0.5 billion in cash and short-term investment securities, a decrease of approximately $840.0 million as compared with February 27, 2021, which included $358.9 million for share repurchases.”

Burned through $840 million.
Only about $500 million left at end of quarter.
+
Losses across the two biggest quarters (BTC and bulk of the holidays)
=
Perhaps a final quarter to prove the plan (but they’ve already guided lower)

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Post ID: @1cbt+1eKvsq70

so because the OP has a complaint, they don't understand? do you know the OP?

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Post ID: @dxf+1eKvsq70

I dont understand people who post complaints about things they do not understand

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Post ID: @bxq+1eKvsq70

They’ve had to pay consultants to tell them how to fix what they’ve broken?
This will surely end well.

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Post ID: @ptx+1eKvsq70

so we're paying someone to tell us we need to focus on customer service? wow, that's brilliant. maybe they can tell MT how to attract employees to focus on customers too

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Post ID: @vfa+1eKvsq70

It’s called INCOMPETENCE, ever heard of it?

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Post ID: @yqk+1eKvsq70

it's called MATH and FINANCE...ever heard of it?

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Post ID: @lem+1eKvsq70

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