Bed Bath & Beyond Inc. reported another disappointing quarter and warned that business conditions at the homegoods chain aren’t improving, raising pressure on the company to demonstrate that its turnaround plan is on track.
Net sales fell 22% to $2.1 billion in the three months to Feb. 26, partially due to the closure of underperforming stores. Comparable-store sales—which exclude the closures—were down 12%.
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