bed bath beyonds fiscal thirdquarter sales fell 33 as the home goods company works on striking the right balance with its shoppers sales slid to 126 billion for the three months ended nov 26 from 188 billion a year earlier sales at stores open at least a year a key gauge of a retailers health dropped 32 analysts polled by zacks investment research expected higher revenue of 143 billion president and ceo sue gove said in a prepared statement on tuesday that the company is working on adjusting its merchandise and strategy which has moved away from shoppers preferences advt we want our customers to know that we hear them and are charging ahead every day to meet their needs she said the retailer lost 393 million or 433 per share in the quarter that compares with a loss of 2764 million or 278 a year earlier stripping out certain items its adjusted loss was 365 per share wall street was calling for a loss of 236 per share last week bed bath beyond cautioned that it may need to file for bankruptcy protection as it struggles to attract shoppers it said that said that its looking at several options including selling assets or restructuring its business in bankruptcy court but the chain acknowledged that even those efforts may not be successful bed bath beyond announced in august that it would close stores and lay off workers in a bid to turn around its business it closed about 150 of its namesakes stores and slashed its workforce by 20 shares of the union new jerseybased company jumped 13 to 182 before the market open ap published on jan 10 2023 at 0720 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app bed bath beyond sue gove sales revenue shopping homenewsbed bath beyond 3q results miss street as sales slide 33