![]() PRIVACY NOTICE: When you visit this website we collect your browsing activities on our site and use that information to analyze and research improvements to the website, and to our products and services. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Many factors affect your FICO Scores and the interest rates you may receive. Equifax Credit Report is a trademark of Equifax, Inc. Learn moreįICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Your lender or insurer may use a different FICO ® Score than the versions you receive from myFICO, or another type of credit score altogether. All rights reserved.Īll FICO ® Score products made available on include a FICO ® Score 8, and may include additional FICO ® Score versions. Shares of the New Jersey-based company rose 6% in early trading.Copyright ©2001- Fair Isaac Corporation. It reported a $3.65 non-GAAP loss per share, missing Wall Street's estimates for a loss per share of $2.23. 1 to conserve cash ahead of a possible bankruptcy filing, Reuters reported earlier.īed Bath & Beyond reported $153.5 million in cash and cash equivalents, a steep year-over-year decline from $509 million a year earlier.īed Bath & Beyond said last week it was exploring options, including bankruptcy, after taking on $375 million in financing in August and failing to convince bondholders to swap out their investments for new debt earlier this month. The big-box retailer is considering skipping its debt payments due on Feb. "This led to lower receipts and, therefore, lower in-stock levels, in the 70% range, which hampered our sales further in an already competitive environment," Gove said.ĭespite efforts to increase national brands including Cuisinart and UGG to lure shoppers to stores, the company's foot traffic fell 23.1% in November compared to the previous year, according to data from Placer.ai. Net sales fell 33% to $1.26 billion in its third quarter as inflation strained consumers' pockets and shoppers focused on products other than home goods, furniture and decor - merchandise that are core to Bed Bath & Beyond's inventory mix.īed Bath & Beyond's inventory fell to $1.44 billion in its third quarter, down 24.9% year-on-year, after shedding some of its owned brands including Wild Sage and offering steep Black Friday discounts to clear excess merchandise.Ĭhief Executive Sue Gove said the company did not meet its goals in changing Bed Bath & Beyond's assortment as it dealt with "credit line constraints" and vendors seeking quicker payments. The company did not take questions from analysts on its Tuesday earnings call "in light of the ongoing review of strategic alternatives," said Susie Kim, head of investor relations.īed Bath & Beyond said it started cost reductions of about $80 million to $100 million across the business, including overhead expenses and headcount. The company did not say if it would file for bankruptcy after saying last week it was working with outside advisers to look at various options after years of weakening sales. Bed Bath & Beyond Inc on Tuesday reported a quarterly loss of about US$393 million after a tough third quarter that it hoped would provide a financial cushion to its months-long cash burn.
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