MURRAY, Utah (AP) — MURRAY, Utah (AP) — Bed Bath & Beyond, Inc. (BBBY) on Monday reported a loss of $20.9 million in its fourth quarter.
On a per-share basis, the Murray, Utah-based company said it had a loss of 30 cents. Losses, adjusted for non-recurring costs, were 16 cents per share.
The online discount retailer posted revenue of $273.4 million in the period.
For the year, the company reported that its loss narrowed to $84.6 million, or $1.41 per share. Revenue was reported as $1.04 billion.
Bed Bath & Beyond shares have dropped slightly more than 7% since the beginning of the year, while the S&P’s 500 index has stayed nearly flat. In the final minutes of trading on Monday, shares hit $5.06, a decrease of 34% in the last 12 months.
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