Bed Bath & Beyond has seen its stock price tumble after the company warned it was considering bankruptcy amid mounting debt and troubled finances.
The company issued the warning in a business update on Jan. 5, in which it revealed recurring losses and negative cash flow for the nine months ending on Nov. 26, 2022.
Bed Bath & Beyond said it was taking steps to improve its cash position and mitigate potential liquidity shortfalls but added that the cash flow problems and losses have led it to conclude “that there is substantial doubt about the Company’s ability to continue as a going concern.”…