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Bed Bath & Beyond Inc. Message Board

  • adspatz adspatz Jan 9, 2014 11:05 AM Flag

    Bed Bath & Beyond earnings increase 1.9%

    Search for "SEC Live Filings Digest" to find out more.
    Filing in Focus: Bed Bath & Beyond 8-K, January 8, 2014
    Bed Bath & Beyond Inc. (BBBY) has announced its financial results for the third fiscal quarter of 2014, reporting an earnings increase of 1.9%. The company has enjoyed an increase in profits despite a shift to lower-margin merchandise, as well as introducing specialty food and beverages in its stores. For the quarter, gross margin tightened from 39.8% to 39.2% while selling, general and administrative expenses jumped 4.9%. Earnings for the quarter edged up from $232.8M and $1.03 per share to $237.2M and $1.12 per share. Revenue increased 6% to $2.86B while same-store sales improved 1.3%. Despite the positive news the company’s stock dropped 8% as a result of the company lowering its earnings guidance from between $4.88 and $5.01 per share to now between $4.79 and $4.86 per share.

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