From Meme Stock To Winner Bed Bath And Beyond Raises Sales Expectations
Not all meme stocks are created equal, and Bed Bath & Beyond is out to prove as much. The once-troubled home goods retailer — which many investors are betting against by short-selling the stock — offered a fairly rosy outlook for the rest of the year after it beat fiscal first-quarter revenue estimates but fell short on earnings. By Vance Cariaga See: Retail Sales Dropped 1.3% in May as Consumers Focus on Travel and EntertainmentFind: Signs We’re Bouncing Back: 6 Ways Americans’ Spending Has Changed Since Last Year...