Thread regarding Bed Bath & Beyond layoffs

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!

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!!!!!

“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)

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

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

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

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

It’s called INCOMPETENCE, ever heard of it?

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