Bed Bath & Beyond’s outlook sends stock plunging

Published June 21, 2012 11:34pm ET



NEW YORK (AP) — Bed Bath & Beyond’s shares tumbled a day after the home goods seller forecast weaker earnings than Wall Street expected as concern spread about the company’s health in view of the wobbling economy.

The chain gave the disappointing outlook even as it announced better-than-expected first-quarter results. It told investors it was being forced to use more coupons to get people to shop, and that was hurting its profitability.

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