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Bed Bath & Beyond Inc. blamed global supply-chain headwinds for an unexpected

fourth-quarter loss and bigger-than-expected sales decline.

The retailer said Wednesday that product in transit, not available for sale or held at port remained abnormally high, particularly in key items, into the early part of the current period. The closely watched metric of comparable sales fell 12% in the quarter ended Feb. 26, missing the average analyst estimate for an 8.3% decline.

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