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A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida.
Joe Raedle | Getty Images News | Getty Images
Bed Bath & Beyond warned Thursday that it has had slower than expected sales, which contributed to mounting losses and deeper financial troubles for the struggling home goods retailer.
Shares of the company plummeted by 17% in pre-market trading.
Net sales in the fiscal third-quarter, which ended Nov. 26, are expected to be about $1.26 billion — a sharp drop from $1.88 billion in the year-ago period.
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