BBBY (Bed, Bath and Beyond Inc., $20.78) is a large retail company that provides an “omnichannel shopping experience”. They seek to provide a more inspirational, personal shopping experience through life changing events- engagement,marriage, holidays, first home, etc.
Though the company is operating 1,552 stores, they plan to close down 40 stores this year. And even though shareholders aren’t satisfied with their financial management, BBBY announced a dividend increase to $0.16.
(Screenshot from NASDAQ)
Investors have very high expectations for BBBY. Swing traders see positive short-term goals but many investors wonder if the company can last another 10 years. Only time will tell.
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