Bed Bath & Beyond Earns $1.60 for Q4

Bed Bath & Beyond ($BBBY) just reported Q4 earnings of $1.60 per share. That’s inline with consensus. The home furnishings store estimated that lousy weather cost them six to seven cents per share last quarter. Quarterly sales dropped 5.8% to $3.203 billion while comparable store sales increased 1.7%.

For the year, BBBY made $4.79 per share which is up from $4.56 in the year before. For Q1, BBBY expects 92 to 96 cents per share. They expect earnings to rise by “mid single digits” for this year. If we take that to mean 4% to 6%, then it works out to a range of $4.98 to $5.08 per share. Wall Street had been expecting $5.27 per share.

The shares are down 4% in the after-hours market. One bright spot is that last quarter, they bought 7.5 million shares for $532 million.

Posted by on April 9th, 2014 at 4:19 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.