Bed Bath & Beyond: Fiscal Q2 earnings snapshot

UNION, N.J. — Bed Bath & Beyond Inc. today reported a loss of $366.2 million in its fiscal second quarter.

The Union, New Jersey-based company said it had a loss of $4.59 per share. Losses, adjusted for asset impairment costs and restructuring costs, were $3.22 per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.59 per share.

The home goods retailer posted revenue of $1.44 billion in the period, which matched Street forecasts.

Bed Bath & Beyond shares have decreased 56% since the beginning of the year, while the S&P’s 500 index has declined 22%. The stock has declined 72% in the past 12 months.