Several retail favorites were in the news today. Let’s find out why!
First up, Bed Bath & Beyond saw shares fall 5% after the company said it would issue 11.7 million shares to pay off some of its debt. The shares will satisfy about $123 million of the more than $1 billion+ in unsecured notes it has outstanding, with maturity dates in 2024, 2034, and 2044.
This is just one part of the broader turnaround story the company continues to execute. Unfortunately, its results have been fleeting, with $BBBY shares hitting fresh 52-week lows today.
$AMC shares were up marginally after setting a domestic record for the biggest November opening in company history. The company said it welcomed more than 4.9 million guests globally from Thursday through Sunday, driven by Black Panther: Wakanda Forever.
Getty Images had a volatile session, rising 30%+ in regular trading ahead of its earnings report. Overall, results seemed to fall below expectations, with $GETY shares falling roughly 20% after hours.
