Forget Bed Bath & Beyond, These 3 Home Goods Retail Stocks are Better Buys

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The company recorded an operating loss of $71.87 million and a net loss of $50.87 million in the last reported quarter. Over the past month the stock has dropped 15.1%, reflecting a poor forecast for the company’s future performance. Moreover, the company’s increasing store closures and divestments may hurt its revenue generating prospects in the near term.

Meanwhile, BBBY’s peers have taken full advantage of the growing demand for home improvement products and have delivered stellar returns. The TJX Companies, Inc. (TJX), Newell Brands Inc. (NWL), and Tempur Sealy International, Inc. (TPX) are expected to see a boost in sales as they are ramping up manufacturing capacity to meet rising demand. Hence, we believe these companies can be better bets given their tremendous growth prospects and expanded capabilities.

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