BED BATH & BEYOND (BBBY)

EARNINGS RELEASE - JULY 8 (AMC)

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:      -1.22/share     REV:  1,390/M
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     LAST QTR:  EPS:       .20/share     ACTUAL:  .38/share  (BEAT)
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     NEXT QTR:  EPS:      -.43/share     REV:  2,210/M
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     FULL YR:     EPS:       -1.78/Share     REV: 9,030/M
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BEAT/MISS RECORD:  47% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %)  22.5, -20.06, 6.48

EXPECTED JUMP MOVE THIS QUARTER:  15%

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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading. 

Links To Latest News and Headlines

The new Bed Bath & Beyond® (NASDAQ: BBBY) ‘Holiday Traditions at Home’ 2020 study reveals that families are going all-out on holiday cheer to ‘Enjoy the Present’ this year—even if that means embracing the experimental over the tried-and-true. Despite the pandemic, a majority of Americans (67%) believe it is more important than ever to celebrate the holidays and are filled with feelings of hope and excitement (63%) as they anticipate the season. Most people (54%) are also embracing new traditions to make sure the season stays merry and bright in the place that’s closest to our hearts: our homes.

23 Nov, 2020 @ 14:00 by Yahoo! Finance

Great advice offered by the famed fund manager has not only withstood the test of time, but leads investors to these select names right now.

Johnson Fistel, LLP is investigating potential claims on behalf of Bed Bath & Beyond Inc. (NASDAQ: BBBY) against certain of its officers and directors.

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Bed Bath & Beyond Inc. (NasdaqGS: BBBY).

18 Nov, 2020 @ 11:32 by Yahoo! Finance

(Bloomberg Opinion) — Target Corp. had a monster third quarter – both because of the pandemic, and in spite of it. The big-box retailer reported a blockbuster 20.7% surge in comparable sales, blowing past analysts’ expectations. The result reflected a 15.6% increase in average sales per receipt, as well as a 4.5% lift in transactions. Just how big was Target’s quarter? Let’s put it in perspective. The retailer’s sales totaled $22.3 billion in the three months ended Oct. 31, a $3.9 billion increase from the same period last year. By comparison, the chain’s increase in sales for the entire preceding fiscal year was $2.7 billion. In other words, in the third quarter alone, it had to figure out how to manage the equivalent of a more than a year’s worth of growth. And that’s after experiencing a huge sales increase in the second quarter. It’s an utterly herculean operational lift — requiring a rethinking of supply chain, inventory management and labor models — and it bodes well for Target’s long-term prospects that it was able to adapt to these conditions so quickly.   In some ways, it’s logical that Target reported such strength given the ways the pandemic has upended shopping patterns. Consumers have been consolidating their store trips amid public health concerns, and Target, by carrying a wide array of merchandise, is well positioned to benefit from that pattern. The desire for one-stop shopping has likely pulled some grocery sales toward Target that would’ve otherwise gone to traditional supermarkets, and also helped it poach some sales of electronics and beauty products away from category specialists or small-format stores. It also makes sense that consumers’ embrace of spending on home goods has given Target a boost. This area has long been a real strength for the retailer; its lineup of  private label merchandise is much more stylish and well-priced than much of what is offered at department stores or Bed Bath & Beyond Inc. No wonder, then, that Target notched “mid-20%” comparable sales growth in its home category. But if scoring sales in home goods was something of a layup for Target, its sales increase in apparel was more hard-fought. Comparable sales in this category jumped nearly 10% from a year earlier, a striking result when the clothing business overall has been battered by shoppers skimping on new outfits when they’re not regularly going to the office, the classroom or parties. The pandemic, in theory, also could’ve been tough a break for Target because it has nudged so many shoppers online, and that channel accounted for a relatively small share of its business before the pandemic. But the retailer recorded a 155% increase in e-commerce sales, enabled by long-term investments in curbside pickup and same-day delivery that have it helped it grab more market share in this area this year. Both Walmart Inc. and Target have been riding high on the pandemic-fueled surge in grocery and general merchandise spending. Target’s comparable sales growth, though, has been the more turbocharged of the two. This may largely reflect the fact that Target has a somewhat more affluent customer base. According to Kantar’s Shopperscape, the average household income of a Walmart shopper was $78,262 in the period from October 2019 to September 2020, compared with $88,596 for Target.Amid widespread job losses and uncertainty about additional stimulus support from the federal government, it makes sense that more affluent shoppers would be in a better position to trick out their backyards or spring for a new TV to make at-home living more enjoyable. Target says it has added $6 billion in market share year to date across a variety of categories. The benefits to the retailer of making those inroads with consumers should outlast its pandemic boom. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

StockJumpers analysis and trade plans are uploaded generally 1 HOUR BEFORE MARKETS CLOSE (3PM EST) for most events.


ANALYSIS:  

The trajectory analysis models have the market reaction as negative on the release. We were hoping for a more positive outcome on better than expected numbers, but it looks like a miss and the investor confidence may not be there.

We are biased SHORT on this event

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OUR TRADE PLAN:

ENTRY:  SELL – end of day
STOP LOSS:  N/A
INITIAL PROFIT TARGET:  12%

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TRADE ASSIST:  N/A

POST RELEASE ACTION:  

There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory. 

Members who are too busy to manual trade can use Trade Assist. For more information visit here

Avg Daily Volume: 1,554,955    Market Cap: 5.29B
Sector: None    Short Interest: 11.96

Ticker delayed 20 minutes

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