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Dillard’s stock jumps after Warren Buffett’s deputy reveals 6% stake in the struggling department-store chain

Warren Buffett and Ted Weschler take part in a Yahoo Finance interview
  • A vote of confidence from one of Warren Buffett’s lieutenants sent Dillard’s stock up as much as 19% in pre-market trading on Monday.
  • Ted Weschler, an investment manager at Buffett’s Berkshire Hathaway, revealed an almost 6% stake in the ailing department-store chain on Friday.
  • Weschler’s 1.08 million Dillard shares were worth about $45 million at the close of trading on Friday.
  • Dillard’s net sales tumbled 41% year-on-year in the six months to August 1, fueling a $171 million net loss.
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Dillard’s stock climbed as much as 19% in pre-market trading on Monday, after Warren Buffett’s deputy disclosed a nearly 6% stake in the ailing department-store chain.

Ted Weschler, who helps Buffett manage Berkshire Hathaway’s investment portfolio, along with Todd Combs, revealed the personal holding in a Securities and Exchange

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Bed Bath & Beyond Jumps to Highest Since 2018 on Sales Gain

(Bloomberg) — Bed Bath & Beyond Inc. shares soared to the highest level in more than two years after the home-goods chain posted a surprise gain in quarterly sales, a sign investors believe that turnaround efforts are paying off ahead of the holiday season.

Comparable-store sales, a key metric, rose 6% in the second quarter ended Aug. 29. Analysts had expected a decline of 1.3%, according to Consensus Metrix. Sales continued to increase last month, according to the company.

“We see things are taking hold and those green shoots that developed in the quarter are turning into trends in September,” Chief Executive Officer Mark Tritton said in a phone interview.

Shares rose as much as 36% Thursday and traded up 33% to $19.96 as of 12:52 p.m. in New York. With the jump, the third-biggest on S&P Small Cap 600 Index, Bed Bath & Beyond erased its losses for the

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