Bed Bath & Beyond (BBBY Quick QuoteBBBY - Free Report) stock went down 5.8% after-hours on Wednesday after announcing earnings of $0.80 per share, missing the Zacks Consensus Estimate by $0.06.

The New Jersey-based company, which sells domestic items such as soaps, textiles and linens, reported revenue of $2.74B, missing earnings expectations by $40M, much to the dismay of investors. At $43.81, BBBY is currently trading near its 52 week low of $41.26.

This earnings report represents a stark difference from that of the previous quarter, during which, as our team pointed out, it delivered a positive earnings surprise of 6.1%. Over the last four quarters, BBBY had outperformed the Zacks Consensus Estimate by an average of 1.3%.

Foreign headwinds played a role in this quarter’s disappointing results, as well as decreasing margins due to an increase in expenses for the firm. A decrease of 0.5% in comparable sales also did not help, especially compared to the 2.2% increase of the same period last year.

BBBY continues to sit at a Zacks Rank #4 (Sell) due largely in part to the 100% agreement in downward estimate revisions for Q1, F1 as well as F2. With today’s sluggish report and investor reaction, this doesn’t appear likely to change anytime soon.

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