If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Marketwatch)   Bed, Bath & Beyond shares drop after disappointing earnings outlook from their "Beyond" division   (marketwatch.com) divider line 22
    More: Fail, earnings outlook, Bed Bath, household goods, Bed Bath & Beyond, bed, account of profits  
•       •       •

475 clicks; posted to Business » on 09 Jan 2014 at 10:47 AM (27 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



22 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-01-09 10:33:46 AM
Maybe if it didn't weird people out so much the sales would be better.
 
2014-01-09 10:56:01 AM
went into BBB looking for some stocking stuffers for my wife - I had not been in one for quite a while.  I guess they are looking to lower overhead by just moving the whole warehouse to the front of the store?  man, there was just piles upon piles of "stuff" and it didn't seem all that organized. I did, however, find these for the wife - so it was not a totally wasted trip!

www.teesforall.com

(Northerner transplanted to the South, so it was a pretty good gag gift if nothing else)
 
2014-01-09 11:00:55 AM

Report fiscal third-quarter earnings of $1.12 a share on revenue of $2.87 billion. Have a bunch of analysts* expect $1.15 a share on revenue of $2.88 billion.

SELL! SELL! SELL!


*aka stock shorters
 
2014-01-09 11:06:31 AM
Blame Morty and his area of the Beyond section
 
2014-01-09 11:07:11 AM
4.bp.blogspot.com
 
2014-01-09 11:08:54 AM

loonatic112358: Blame Morty and his area of the Beyond section


Damn it! 40 seconds. That's what I get for looking for an image.
 
2014-01-09 11:13:51 AM

utsagrad123: loonatic112358: Blame Morty and his area of the Beyond section

Damn it! 40 seconds. That's what I get for looking for an image.


I went to wikipedia first, I was trying to recall what the section was actually called

I may have to watch the movie again
 
2014-01-09 11:19:20 AM
This from YESTERDAY'S Wall Street Journal: "Bed Bath Investors Can Sleep at Night"

"Wednesday's fiscal third-quarter 2013 results release for the period ended in November may underscore why they can expect good times to continue ... Home sweet home indeed."
 
2014-01-09 12:08:23 PM
I honestly don't know how "brick and mortar" stores are staying in business.

More and more people are shopping online every year and the trend is expected to continue.

Store salespeople are genuinely unhelpful and ill informed and the stores are frequently out of stock of the products people actually want.

It baffles me how they stay open.
 
2014-01-09 12:24:51 PM
img330.imageshack.us

That's the section where you have to go to find the coffee mugs.
 
2014-01-09 12:31:19 PM

Beerguy: I honestly don't know how "brick and mortar" stores are staying in business.

More and more people are shopping online every year and the trend is expected to continue.

Store salespeople are genuinely unhelpful and ill informed and the stores are frequently out of stock of the products people actually want.

It baffles me how they stay open.


People need stuff today, not next week.  That's why.  You also cannot discount fears of credit card fraud.  Look at Target last month.  That alone will keep old people from shopping online even though being online had nothing to do with it.
 
2014-01-09 12:35:31 PM
BBB's persistence is a bit of a mystery. Huge, huge inventory; not particularly wonderful pricing. The store near me is virtually always advertising for help wanted, which to me suggests lots of employee turnover and therefore not a great place to work. But I still to shop there from time to time when on the market for kitchen or bath stuff and Target fails to satisfy; and with their typical 20% or $5 off one item coupons, it ends up being sufficiently competitive when it's a "can't wait" situation. Good place to browse I guess since there is a lot of selection.
 
2014-01-09 12:40:29 PM

Smeggy Smurf: Beerguy: I honestly don't know how "brick and mortar" stores are staying in business.

More and more people are shopping online every year and the trend is expected to continue.

Store salespeople are genuinely unhelpful and ill informed and the stores are frequently out of stock of the products people actually want.

It baffles me how they stay open.

People need stuff today, not next week.  That's why.  You also cannot discount fears of credit card fraud.  Look at Target last month.  That alone will keep old people from shopping online even though being online had nothing to do with it.


That + "Ok, if I buy this and hate it, it's a 5 minute drive" vs. "Ok, it arrives in 2 business days.  If you hate it, you have to go pay lots of money to ship it back and try out another one. (And wait another week)."  + "Ok, I really want to feel how heavy this pan is before I buy it"

They're successfully doing what Best Buy is trying to do.

/And with the 20% off coupons, sometimes they're cheaper than Amazon.  Even with 9% sales tax.
 
2014-01-09 03:28:07 PM

Skail: [img330.imageshack.us image 640x480]

That's the section where you have to go to find the coffee mugs.


Thank you
 
2014-01-09 04:51:27 PM
These two sentences describe everything that is wrong with Wall Street:

"Bed Bath & Beyond fell 8.5% to $72.95 on heavy volume after the company reported fiscal third-quarter earnings of $1.12 a share on revenue of $2.87 billion. Analysts surveyed by FactSet expected $1.15 a share on revenue of $2.88 billion. "

"Macy's Inc surged 5.2% to $54.51 on heavy volume after the retailer said it would lay off 2,500 workers and close five underperforming stores. "
 
2014-01-09 05:18:28 PM

ShepTR: These two sentences describe everything that is wrong with Wall Street:

"Bed Bath & Beyond fell 8.5% to $72.95 on heavy volume after the company reported fiscal third-quarter earnings of $1.12 a share on revenue of $2.87 billion. Analysts surveyed by FactSet expected $1.15 a share on revenue of $2.88 billion. "

"Macy's Inc surged 5.2% to $54.51 on heavy volume after the retailer said it would lay off 2,500 workers and close five underperforming stores. "


So it makes sense in weird bizarro world.

The value of a company is equal to ((what everyone believes everyone else thinks is) the perceived value of) the time-discounted value of all of their future profits (as filtered through algorithms and some evolutionarily-hardwired biases).  Note, if you don't understand all the parentheses, read it again until it makes sense.  All of the parentheses are important.

People were buying BB&B based on it having $2.88 Billion in revenue, but it only had $2.87 Billion in revenue.  Therefore, its perceived value is lower than yesterday's value.

Macy's on the other hand just eliminated a bunch of deadweight.  And now the money they were spending on bad stores and extra workers is hopefully going to places with higher returns.

And it sucks, but the last couple of centuries has shown beyond all doubt that the absolute best system for massively increasing societal wealth and creating continuous, sustained innovation and invention over a sustained period of time is that system.  Where everyone is complete assholes.
 
2014-01-09 06:21:18 PM

meyerkev: ShepTR: These two sentences describe everything that is wrong with Wall Street:

"Bed Bath & Beyond fell 8.5% to $72.95 on heavy volume after the company reported fiscal third-quarter earnings of $1.12 a share on revenue of $2.87 billion. Analysts surveyed by FactSet expected $1.15 a share on revenue of $2.88 billion. "

"Macy's Inc surged 5.2% to $54.51 on heavy volume after the retailer said it would lay off 2,500 workers and close five underperforming stores. "

So it makes sense in weird bizarro world.

The value of a company is equal to ((what everyone believes everyone else thinks is) the perceived value of) the time-discounted value of all of their future profits (as filtered through algorithms and some evolutionarily-hardwired biases).  Note, if you don't understand all the parentheses, read it again until it makes sense.  All of the parentheses are important.

People were buying BB&B based on it having $2.88 Billion in revenue, but it only had $2.87 Billion in revenue.  Therefore, its perceived value is lower than yesterday's value.

Macy's on the other hand just eliminated a bunch of deadweight.  And now the money they were spending on bad stores and extra workers is hopefully going to places with higher returns.

And it sucks, but the last couple of centuries has shown beyond all doubt that the absolute best system for massively increasing societal wealth and creating continuous, sustained innovation and invention over a sustained period of time is that system.  Where everyone is complete assholes.


Oh, I get it - it makes total sense from a business point of view.  As you said, one company is worth less than people thought it was going to be today, so the price of the stock dropped.  The other company trimmed some fat, and will be more profitable in the future.

From a societal point of view, it just sucks, and its farked up things are like this.

One company doesn't meet its projected revenue by 0.34% ((2.88 billion - 2.87 billion) / 2.87 billion  = 0.00348 * 100 = 0.34%) and its stock price falls 8.5%?  0.34%, to me, is a rounding error.

Another company has to lay a bunch people off so they can keep increasing the stock price?  Bunch of working saps are out of work so some people can pad their (hefty) bank accounts some more? Sure as shiat it ain't the working folks making money off of this deal.

Just makes me sad.
 
2014-01-09 07:08:43 PM

ShepTR: Oh, I get it - it makes total sense from a business point of view.  As you said, one company is worth less than people thought it was going to be today, so the price of the stock dropped.  The other company trimmed some fat, and will be more profitable in the future.

3) From a societal point of view, it just sucks, and its farked up things are like this.

1) One company doesn't meet its projected revenue by 0.34% ((2.88 billion - 2.87 billion) / 2.87 billion  = 0.00348 * 100 = 0.34%) and its stock price falls 8.5%?  0.34%, to me, is a rounding error.

2) Another company has to lay a bunch people off so they can keep increasing the stock price?  Bunch of working saps are out of work so some people can pad their (hefty) bank accounts some more? Sure as shiat it ain't the working folks making money off of this deal.

Just makes me sad.


1) So the key words there are "profit" and "revenue".  If BBB spent 2.8 billion, and was supposed to make 2.88 billion, but actually made $2.87 Billion, they made $80 million in profit vs. $70 million, or a 12% drop (No idea what the actual numbers are).  (And I wouldn't be surprised to see a small rebound.  Remember those parentheses.  Being less than estimated makes what (infinite loop of everyone else thinks) everyone else thinks the perceived value is go down, which causes a drop. Year-over-year trading is fairly rational.  Day trading is like the world's most giant game of Texas-Hold-Em.)  Capital seeks the highest return, and that return isn't as high as it used to be.  And if someone else can get a higher return, then they get more funding.  Which we like.  Because it means that people don't (generally) throw good money after bad (and if they do, they go broke and someone smarter/luckier than them uses what used to be their money to go after the highest returns).

2 &  3) Remember, by the end of the Cold War, their average was our ghettos.  Mao starved 50 MILLION PEOPLE.  If it's a choice between Naziism and Communism (as actually practiced in the real world instead of in a Leftist fantasy), I'm picking Naziism, because Hitler was less evil.Capitalism is ruthless and we use it because it works on the average over the long run like no other system yet devised.   No system is as democratic, as (occasionally too) ruthlessly efficient, as productive, and as good at fostering innovation (and this is the key.  I don't give a shiat about the first 3 as long as someone is inventing the next cool thing in the hopes of becoming a billionaire because everyone agreed with them and paid them a bunch of money for the cool next thing.  There's a reason why Europe hasn't invented anything since the end of the Cold War, and it's because their best and brightest can come here and try to become rich while inventing cool things -http://www.denbeste.nu/cd_log_entries/2003/01/ViciousandVirt uousCircle s.shtml).

And because it's capitalism, it could end up better.  After all, there clearly wasn't enough money to be made for Macy's in wherever, which means that putting a Macy's there was a poor use of space.  So Macy's is going away to make more money elsewhere, and hopefully the workers get better jobs when someone else decides to give it a go in that same spot.  And maybe Macy's leaving will drive down the rent because it clearly wasn't worth it for Macy's to spend what they were spending. (Or the workers are not worth it on an economic level and so they get to take a pay cut because they're non-productive, or they're really truly worthless because unskilled labor is fairly worthless in today's economy (and so they can't get jobs and go on welfare), which sucks, but is ruthlessly efficient, which then has the interesting side effect of driving down both labor costs and the cost of living, which makes it cheaper for companies to relocate there.)

/Mind you, I like capitalism, I just hate its edges.  Which is why I'm in favor of a shiatty safety net.  There should be "a" safety net just in case.  But meanwhile, let the capitalists go nuts with as much money as possible.
 
2014-01-10 04:52:14 AM
How is BBBY formed? How is BBBY formed?
 
2014-01-10 12:16:35 PM
As somebody who worked as an overnight stock associate at BBB for a year, I can confirm this
 
2014-01-10 12:47:32 PM
BBB makes all of their money off of wedding registries. That is the only time I ever go in there.
 
2014-01-10 06:47:35 PM

Beerguy: I honestly don't know how "brick and mortar" stores are staying in business.

More and more people are shopping online every year and the trend is expected to continue.

Store salespeople are genuinely unhelpful and ill informed and the stores are frequently out of stock of the products people actually want.

It baffles me how they stay open.


There are still more baby boomers than the rest of us and the boomers are terrified of that series of tubes. Also, I think they like feeling superior to everyone, and since those places don't exactly hire the best of us there's a feel good factor there.

/just remember, EVERYONE is better than you...
// ... until they aren't and never actually were.
 
Displayed 22 of 22 comments

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report