Case: Bed Bath & Beyond Inc.
Venue: DNJ
Class Period: 10/2/2019 - 2/11/2020
Lead Plaintiff Deadline: 6/15/2020
Contact: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

NEW YORK, NY – April 27, 2020 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Bed Bath & Beyond Inc. (“Bed Bath & Beyond” or the “Company”) (NASDAQ: BBBY).  A complaint has been filed against the Company on behalf of investors that purchased Bed Bath & Beyond securities between October 2, 2019 and February 11, 2020, inclusive (the “Class Period”).

On January 8, 2020, after the market closed, the Company reported disappointing financial results for the third quarter of fiscal 2019 ended November 30, 2019.   CEO Mark Tritton stated “[o]ur performance in the third quarter was unsatisfactory” and the Company withdrew its fiscal 2019 financial guidance due to continued pressure on sales and profitability as the Company continues “ongoing work by recently appointed President & CEO Mark Tritton to assess the business and finalize the details of the Company’s go-forward strategic plan as well as the extensive senior leadership changes within the past month.”  

Following this news, Bed Bath & Beyond’s shares fell sharply by $3.20 per share, more than 19%, to close at $13.45 per share on January 9, 2020.

Then, on February 11, 2020, after the market closed, the Company issued a press release providing an update on fourth quarter financial performance.  Bed Bath & Beyond reported preliminary, unaudited financial performance data for the first two months of the fiscal 2019 fourth quarter (December 2019 and January 2020), including “a 5.4% decline in comparable sales driven primarily by store traffic declines combined with inventory management issues,” including that “inventory within certain key categories in the Bed Bath & Beyond assortment was too low or out-of-stock during the period.”  

Following this news, Bed Bath & Beyond’s stock price fell $3.06 per share, more than 20%, to close at $11.79 per share on February 11, 2020.

If you are a member of the proposed Class, you may move the court no later than June 15, 2020 to serve as a lead plaintiff for the purported class.  You need not seek to become a lead plaintiff in order to share in any possible recovery.  If you would like to discuss the complaint or our investigation, please contact us by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by calling 646-315-9003.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, your rights, or your interests, please contact: 

Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it