Bath

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong…

Bed Bath & Beyond which this week ousted its chief executive and revealed deep losses, faces not just a strategic crisis but a financial one.The retailer ended May with roughly $100 million in cash, after burning through more than $300 million of its reserves and borrowing $200 million from its credit line. It has already sold off real estate to raise funds. Now, it is working with advisers on cash management and trying to find a buyer for its Buybuy Baby business. Bed Bath & Beyondwhich this week ousted its…

Check out the companies making headlines before the bell:General Mills (GIS) – General Mills reported adjusted quarterly earnings of $1.12 per share, 11 cents above estimates, with revenue that also topped Wall Street forecasts. The stock rose 1.6% in the premarket, even as the food producer forecast full-year profit below Street estimates amid rising costs and shifting consumer preferences toward cheaper brands.Carnival (CCL) – The cruise line operator's shares slid 7.8% in premarket trading after Morgan Stanley cut the…

A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location.Scott Mlyn | CNBCCheck out the companies making headlines in midday trading.Bed Bath & Beyond — Shares of the retailer plummeted 23.6% after the company missed revenue estimates and posted a wider-than-expected loss in the recent quarter. Bed Bath & Beyond also announced it is replacing CEO Mark Tritton.Carnival — Shares of the cruise line operator fell 14.1% after Morgan Stanley cut its price target on…

A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch in Torrance, California.Randy Shropshire | Getty ImagesAs Bed Bath & Beyond shakes up its leadership suite and ousts its CEO, the retailer said Wednesday it remains open to another big change: A potential sale of its baby gear chain, Buybuy Baby."The business is a very attractive business, and we're not alone in appreciating its value," interim CEO Sue Gove said on a call with analysts when asked if a sale was…

Bed Bath & Beyond replaced Chief Executive Mark Tritton, as the home-goods retailer’s sales plunged due to a mismatch between what its stores carry and what shoppers want. Bed Bath & Beyond replaced Chief Executive Mark Tritton, as the home-goods retailer’s sales plunged due to a mismatch between what its stores carry and what shoppers want. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content,…

A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California.Justin Sullivan | Getty ImagesBed Bath & Beyond on Wednesday said it is replacing CEO Mark Tritton as part of a leadership shakeup, after the home goods retailer sharply missed Wall Street's expectations on quarterly earnings and revenue.Shares fell about 13% in premarket trading.The company's board said Sue Gove, an independent director on the board, will step in as interim chief executive. "We must deliver improved results," she said in a…

Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada.Artur Widak | Nurphoto | Getty ImagesBath & Body Works shares fell in after-hours trading Wednesday after the retailer cut its profit outlook for the year, in part due to expected increases in inflationary pressures.The stock fell more than 5% after hours, following an 8.6% decline during the trading day, amid a broader market selloff.The company said in prepared remarks that it has been facing…