Why Bed Bath & Beyond Stock Is Trading Higher Today

Shares of Bed Bath & Beyond, Inc. BBBY are trading higher following an announcement regarding a partnership with The Kroger Co. KR in which products carried by Bed Bath & Beyond will be directly offered to Kroger customers through Kroger.com as well as a small-scale physical store pilot.

"This strategic online collaboration and in-store pilot will provide Kroger shoppers easy access to essential home and baby products alongside their favorite grocery staples," said Rodney McMullen, Kroger's chairman and CEO.

Bed Bath & Beyond also announced that it expects to complete its $1 billion three-year share repurchase plan by the end of fiscal 2021, two years ahead of schedule.

See Also: Why AMC Entertainment Shares Are Rising Today

Bed Bath & Beyond is a home furnishing retailer, operating around 1,000 stores in all 50 states as well as an expansion effort in Puerto Rico, Canada, and Mexico.

Bed Bath & Beyond has a 52-week high of $53.9 and a 52-week low of $13.38.

The stock was trading 56.4% higher at the time of publication.

Photo by Oxana Melis on Unsplash

Posted In: NewsSmall CapRodney McMullenwhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...