Bed Bath & Beyond Down 4% Following Q2 Results
<p><a href='https://financialmodelingprep.com/financial-summary/BBBY'>Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares closed 4.02% lower following Q2 results, which missed expectations on the top and bottom lines. </p>
<p>The company attributed the trend deterioration in July and especially in August primarily to lower traffic as a result of resurging COVID-19 cases, but also noted missteps including shifting too much of its marketing from circular and coupon distribution to social media.</p>
<p>At the same time, accelerating freight costs through the quarter drove a gross margin miss, an issue that may pinch other retailers that have yet to report results for the August period.</p>

NASDAQ:BBBY