Bed Bath & Beyond turnaround boosts stock

Navellier & Associates founder Louis Navellier suggests the economy is recovering following the June ADP payrolls report.

Bed Bath & Beyond’s turnaround is underway. 

The housing retailer raised its full-year outlook for fiscal 2021 on Wednesday as the retailer kicked off a three-year transformation in the first quarter that includes a remodeling of its stores and the launch of new private label brands. 

“We have started the year in a position of strength and are clearly on track to accomplish our goals,” Bed Bath & Beyond CEO Mark Tritton said.

Ticker Security Last Change Change %BBBY BED BATH & BEYOND, INC. 32.49 +2.58 +8.63%

The company raised its full-year net sales forecast to a range of $8.2 billion to $8.4 billion, up from $8 billion to $8.2 billion, and its comparable sales growth estimate, which tracks revenue from purchases made online and at stores open for at least 12 months, to the low single digits rather than flat. Bed Bath & beyond…

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