Shares of Bed Bath & Beyond Inc. rose sharply Wednesday, jumping as much as 54%, after the company announced it had accelerated its share buybacks and launched a collaboration with supermarket operator Kroger Co.
The home-goods retailer’s stock recently was 21% higher to $20.27. On Tuesday afternoon, Bed Bath & Beyond said it expects to complete its $1 billion share repurchase plan two years ahead of schedule by buying a remaining $400 million of stock this year.
