Share it
As the coronavirus started to spread across the U.S. last year and consumers grew increasingly concerned about staying healthy, Uncle Matt s Organic wanted to develop a new beverage that would support the immune system.
CEO Matt McLean said the drink company started to look into ingredients to enhance its popular organic orange juice. After researching, McLean said the team landed on elderberry because of its powerful bioflavonoids like quercetin, which some say has potential health benefits.
Elderberries are the deep purple fruit of the elderberry shrub and have a history of use in folk medicine for treating sicknesses like colds. Some experts have said the berries and flowers of elderberry are packed with antioxidants and vitamins that can boost the immune system and have the potential to tame inflammation, but studies have found that the effectiveness varies.
Getty Images This story is part of a group of stories called
At a Cost Plus World Market in Oakland, California, masked shoppers are filing in with their holiday near-misses. They’re not just bringing back Ikat dinnerware and burlap wall art that didn’t quite hit the gifting mark, however. The Happy Returns “bar” within accepts unwanted items from digitally native brands like Eloquii, Everlane, and Rothy’s, which it refunds with a scan of a QR code.
Similar bars in malls, college campuses, and inside stores like World Market across the country are doing an equally brisk trade. Online return rates are three to four times higher than brick-and-mortar stores, David Sobie, the company’s co-founder and CEO, explains. And amid the pandemic, returns, like e-commerce, are surging like never before.
Same-store sales for its entire business, which includes Buy Buy Baby and Harmon Face Values, rose 2%, climbing for the second consecutive quarter. Digital sales soared 77% from a year ago, fueled by online growth of 94% at Bed Bath s namesake banner.
Many Americans have been staying at home during the Covid pandemic, prompting them to do more cooking, cleaning, organizing and redecorating. Sales of home organization, kitchen food prep, bedding, bath and indoor decor represented two-thirds of Bed Bath s total sales during the quarter, the company said.
Here s how Bed Bath & Beyond did during its third quarter ended Nov. 28, compared with what analysts were expecting, based on Refinitiv data:
Sunrun – Shares of the solar company jumped 6.8% to hit a new all-time high as renewable energy stocks rallied on the heels of Democrats taking the Senate. SunPower, Sunnova and Enphase Energy were each up more than 8% as well.
Bed Bath & Beyond The retailer tanked nearly 11% after fiscal third-quarter results missed on the top and bottom lines. Bed Bath & Beyond reported adjusted earnings of 8 cents per share on revenue of $2.62 billion. Analysts expected earnings of 19 cents per share on revenue of $2.75 billion, according to Refinitiv. The retailer cited the sale of noncore assets like Cost Plus World Market and ongoing store closures that are part of its bigger turnaround plans for the drop in sales.