| Bed Bath & Beyond
Earnings Call |
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Bed Bath & Beyond Earnings Call, First Quarter 2008
26th June 2008 00:00 AM |
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| The housewares retailer said first-quarter profit dropped 27% on narrower margins, while same-store sales in the quarter rose 0.8%. |
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| The company earned $0.30 per share in the fiscal quarter ended May 31, 2008 compared with earnings of $0.38 per share a year ago. Gross profit margin shrank to 39.7% from 41.5%. The company has been trying to strengthen its international operations, opening its first store in Canada and investing $4 million in a joint venture with Home & More SA de CV, a Mexican housewares retailer. |
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Bed Bath & Beyond Fourth Quarter Earnings Call
15th April 2008 00:00 AM |
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| The net earnings were $172.9 million or 66 cents per share as against $205.8 million or 72 cents per share in prior year. |
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| The retailer of domestic merchandise reported revenue of $1.9 billion, down 3.1% from prior year, mainly due to one less week in the quarter. In Q4, the firm added 22 Bed Bath & Beyond stores, including its first international store in Canada. The firm also opened and commenced operations of a new Christmas Tree Shops distribution center and a new e-service fulfillment center to accommodate the growth in online sales. For Q1, the company estimates earnings to be 26 cents to 30 cents per share. |
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Bed Bath & Beyond Third Quarter Earnings Call
4th January 2008 00:00 AM |
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| Third quarter net income was $138.2 million, or 52 cents a share, compared with net income of $142.4 million, or 50 cents a share, a year earlier. |
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| The home merchandise Bed Bath & Beyond has bought back 24.5 million shares through December 1st, 2007. Total sales of the company climbed 10.8% from a year ago to $1.79 billion. Same-store sales inched up 0.8%, far below the 4.6% jump in last year''s comparable period. The company guided earnings for the full year ending March 1st to the range of $2.08 to $2.11 a share. |
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Bed Bath & Beyond Second Quarter Earnings Call
27th September 2007 00:00 AM |
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| Net income increased to $147 million, or 55 cents a share, from $145.5 million, or 51 cents, a year ago on a $5.8 million tax benefit. |
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| The home goods retailer’s latest quarter results include a $5.8 million benefit from tax items. Revenue jumped 10% from a year ago to $1.77 billion. Same-store sales increased 2.2% in the quarter slowing from a 4.8% growth in the same period a year ago. The company plans to repurchase an additional $1 billion shares, its fourth buyback plan since 2004. Bed Bath & Beyond plans to open 70 stores this fiscal year, including its first store in Canada. |
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Bed Bath & Beyond First Quarter Earnings Call
20th September 2007 00:00 AM |
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| Net income for the quarter rose to $104.6 million, or 38 cents per share, from $100.4 million, or 35 cents per share a year ago. |
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| The home-merchandise retailer said that profit rose 4% on the stronger sales at the established stores. Net sales for the quarter jumped 11.3% from a year ago to $1.553 billion, while same-store sales increased 1.6%, vs. an increase of roughly 4.9% in the comparable period a year ago. During the quarter, the company repurchased 7 million shares of its common stock for an aggregate price of approximately $287 million. |
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Bed Bath & Beyond Fourth Quarter Earnings Call
24th April 2007 00:00 AM |
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| Net earnings of $205.8 million, or 72 cents a share, rose 4% from $197.9 million, or 67 cents a year ago. Revenue was $1.99 billion vs. $1.69 billion. |
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| The retailer added that the latest quarter figures included a non-recurring charge of $30 million, or 7 cents a share, tied to Internal Revenue Code Section 409A. Excluding this charge, earnings per share were 79 cents vs. 67 cents last year. Same-store sales for the latest three months increased 5.2%. Bed Bath & Beyond expects net sales for the first three quarters of fiscal 2007 growing between 10% and 12%. |
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