Bed Bath & Beyond Earnings Call, First Quarter 2007
Author: Albena Toncheva
123jump.com
Last Update: 4:46 AM ET September 20 2007
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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