(Bloomberg) — Bed Bath & Beyond Inc. shares soared to the highest level since April 2019 after the home-furnishings chain posted a surprise gain in quarterly sales, a sign investors are convinced that turnaround efforts are paying off ahead of the holiday season.Comparable-store sales, a key metric, rose 6% in the second quarter ended Aug. 29. Analysts had expected a decline of 1.3%, according to Consensus Metrix. Sales continued to increase last month, according to the company.“We see things are taking hold and those green shoots that developed in the quarter are turning into trends in September,” Chief Executive Officer …read more
Source:: Yahoo Finance
