|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||40.78 - 40.78|
|52 Week Range||35.99 - 47.92|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
There have been two key points that have driven my bearishness toward brick-and-mortar retailers like Bed Bath & Beyond Inc. (NASDAQ:BBBY).
The company also announced a 10% dividend hike, while also expanding its share buyback program to $500 million. Williams-Sonoma’s same-store sales at company-owned outlets were 4.3% higher compared to the year-ago quarter, while Pottery Barn saw this figure pop 4.1%. Analysts were calling for a same-store sales gain at Williams-Sonoma stores of 1.7% and a Pottery Barn same-store sales increase of 1.2%, according to Consensus Metrix.