Bed Bath & Beyond soars 33% after strong earnings report tops expectations

Bed Bath & Beyond soars 33% after strong earnings report tops expectations

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Bed Bath & Beyond surged 33% on Thursday after it reported strong second quarter earnings that topped analyst expectations.The retailer posted growth of 89% in its digital sales channel, which includes online and curbside pickup orders.Bed Bath & Beyond failed to give guidance due to the continued uncertainty surrounding the COVID-19 pandemic.Visit Business Insider's homepage for more stories.

Bed Bath & Beyond is showing signs of a successful turnaround after it reported strong second quarter earnings that topped analyst expectations.

Shares surged as much as 33% in Thursday trades to $19.89 as investors reacted to the positive earnings report.

Hear are the key second quarter numbers:

Revenue: $2.69 billion, versus the $2.62 billion analyst estimateGAAP EPS: $1.75, versus the 1 cent analyst estimate





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