Bed Bath & Beyond Plans $2 Billion Buyback Amid Stock Slump
This article is for subscribers only.
Bed Bath & Beyond Inc., facing a stock slump after delivering a disappointing forecast last month, plans to buy back $2 billion in shares during the next fiscal year.
The new repurchases will follow its existing program, which had about $861 million remaining as of May 31, Bed Bath & Beyond said today in a statement. The latest buyback will be completed in fiscal 2016, which begins around the end of February.