Bed Bath & Beyond (BBBY) is down 15% today on 8x average daily volume already, as the fiscal Q2 '18 reported last night, showed continued deterioration in any number of metrics:
1.) Comp's fell 2.6% on a decline in customer transactions, even though ecommerce rose 20% y/y again.
2.) Bed Bath & Beyond's operating margin fell 365 bp's y/y to 5.8%.
3.) Both gross and net margins were further compressed as well
4.) From my own spreadsheet, sales growth has only exceeded inventory growth once in the last 14 quarters
