Bed Bath & Beyond shares fall 18%; company names new CFO


Shares of Bed Bath & Beyond Inc. which has grappled with slumping business and shaken up management in recent months, fell nearly 20% on Tuesday in the first full day of trading after the sudden death of its chief financial officer.

“Bed Bath & Beyond is in a challenging financial position, without a permanent CEO, and another gap in the senior leadership makes it harder to remain focused on execution,” Telsey Advisory Group analyst Cristina Fernandez said, attributing the stock’s drop to Arnal’s death.

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