Bed bath and Beyond is down 8.9% after hours to $72.62.
The retailer reported Q3 earnings of $1.12 per diluted share, on revenue of $2.86 billion, up 6% from a year ago.
This missed estimates for earnings of $1.15 per share.
Q3 comparable store sales were up 1.3%, below expectations of a 2.7% rise.
Bed, Bath & Beyond lowered its Q4 guidance to $1.60-$1.67, down from their estimate of $1.70-$1.77. This was also below estimates of $1.79.
It sees full-year earnings per share of $4.79-$4.86, below estimates of $5.01.
It's been a rough day for retailers.
Earlier today we saw J.C. Penney shares take a hit after the retail store said it was "pleased" with holiday sales without releasing any other details. The stock closed down 10%.
Meanwhile, Macy's just reported that it plans to cut 2,500 jobs and close five stores.
More From Business Insider
- Intel Unveiled Some Massive Innovations Yesterday But The Only Thing People Are Talking About Is This 'Smart Bowl'
- BEACONS: What They Are, How They Work, And Why Apple's iBeacon Technology Is Ahead Of The Pack
- The Defining Photo Of Chicago's Frozen Week
- Investment & Company Information