Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Bed Bath & Beyond warns investors of possible bankruptcy
- Preliminary earnings reported by BB&B showed slowing sales, with the $1.3 billion figure for the third quarter being about a third lower than the year before. The company also noted lower foot traffic through its stores.
- “The Company has concluded that there is substantial doubt about the Company’s ability to continue as a going concern,” it said in a statement.
- After BB&B released its new estimates, shares plunged by more than 20 percent in early trading on Thursday.
Read the original article by clicking here.
