Bed Bath & Beyond’s Guidance

From today’s earnings call:

Based on these and other planning assumptions, we are modeling net earnings per diluted share to be approximately $1.08 to $1.16 for the fiscal second quarter of 2014. For all of fiscal 2014, we continue to model a mid-single digit percentage increase in net earnings per diluted share.

Before concluding this afternoon’s call, a few additional comments relative to our recently concluded fiscal first quarter. Our balance sheet and cash flows remain strong. We ended the fiscal first quarter with cash and cash equivalents and invested securities of approximately $803 million, including approximately $47.7 million of investments related to auction rate securities.

Posted by on June 25th, 2014 at 11:50 pm

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