Bed Bath & Beyond Shares Slump After Death of CFO Arnal (1)

Bed Bath & Beyond Inc. declined after Chief Financial Officer Gustavo Arnal fell to his death Friday from a Manhattan skyscraper.

The shares of the struggling home-goods retailer slumped by as much as 25% in premarket activity on Tuesday, the first day of trading after the US Labor Day weekend. The stock was down 15% as of 8:06 a.m.

The Union, New Jersey-based company confirmed on Sunday that the 52-year-old Arnal had died. The New York City Medical Examiner’s Office ruled the death a suicide, according to the New York Times.

Arnal was among the Bed Bath & Beyond executives ...