Bed Bath & Beyond has ‘substantial doubt’ it can stay in business | CNN Business

New York
CNN
 — 

Bed Bath & Beyond’s future is looking increasingly dire.

The retailer said that there is “substantial doubt about the company’s ability to continue” because of its deepening financial turmoil. In a regulatory filing Thursday, the company said it had slower than expected third-quarter sales because of “lower customer traffic and reduced levels of inventory availability.”

Shares fell more than 18% in premarket trading.