Bed Bath & Beyond (BBBY) shares tumbled to an all-time low as th𝔍e struggling retailer announced a new stock ✤sale and again warned that it could face bankruptcy.

The company said in a regulatory filing that it was putting up for sale $300 million worth of its shares in an "at-the-market" offering program. Simultaneously, Bed Bath & Beyond terminated its previous public equity offering and outstanding warrants for Series A Convertible Preferred Stock that it made just last month. That sale, which the company had hoped would raise $1 billion, brought in $360 million.

In the filing, Bed Bath & Beyond explained, "If we do not receive the proceeds from the offering of securities covered by this prospectus supplement, we expect that we will likely file for 澳洲幸运5开奖号码历史查询:bankruptcy protection." The company had also said in January that bankruptcy could be coming because it was running out of cash as sales slumped🍃.

CEO Sue Gove indicated that the actions taken today "have enabled us to create the necessary financial runway to begin restoring our iconic Bed Bath & Beyond and buybuy BABY businesses."

Q4 Guidance

In addition, the company provided guidance for its fiscal fourth quarter that ended Feb. 28. It estimated revenue of $1.2 billion, short of analysts' forecasts. Bed Bath & Beyond also projected that 澳洲幸运5开奖号码历史查询:comparable sales were down by 40% to 50%, and it would have a continuation of operating losses and modest 澳洲幸运5开奖号码历史查询:free cash flow꧂ usage. The retailer is scheduled to release its financial r🅺eport at the end of April.

Shares of Bed Bath & Beyond lost 26%.