Bed bath and Beyond is down 8.9% after hours to $US72.62.
The retailer reported Q3 earnings of $US1.12 per diluted share, on revenue of $US2.86 billion, up 6% from a year ago.
This missed estimates for earnings of $US1.15 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 to $US1.60-$1.67, down from their estimated of $US1.70-$1.77. This was also below estimates of $US1.79.
It sees full-year earnings per share of $US4.79-$4.86, below estimates of $US5.01.
It’s been a rough day for retailers.
Earlier today we saw J.C. Penney shares take a hit after the retail said it was “pleased” with holiday sales without releasing any other details. The stock closed down 10%.
Meanwhile, Macy’s just reported just reported that it plans to cut 2,500 jobs and close five stores.
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