Bed Bath & Beyond rises after insider Marcus Lemonis appointed as new CEO
05/01/2026 14:06
** Shares of e-commerce company Bed Bath & Beyond BBBY.N up about 6% at $6.24 premarket ** BBBY appoints Marcus Lemonis as its new CEO, in addition to his role as executive chairman ** "We believe we have a clear path to eliminate an incremental $25 million of expense over the next 12 months, mainly through merger synergies," CEO Lemonis says in a letter addressed to shareholders ** Adds company will pursue acquisitions and investments through the year in areas with "category gaps, consumer services, business synergies, or natural brand extensions" ** BBBY stock up ~11% in 2025 (Reporting by Sanskriti Shekhar in Bengaluru ) ((Sanskriti.Shekhar@thomsonreuters.com))
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