BBBY announced that its Q4 2010 earnings were $284 million, or $1.12 per share, an increase of 25% compared to $226 million, or 86 cents per share, a year earlier. Net sales increased 12% adn same-store sales increased 8.5%. Analysts were expecting earnings of 97 cents per share.
An analyst at FBR Captial upgraded BBBY to "market perform" from "underperform".
An analyst at Oppenheimer downgraded BBBY to "perform" from "outperform".
Analysts at Gradient upgraded BBBY to "Hold" from "Sell".
An S&P analyst affirmed Bed Bath & Beyond's credit rating based on the company's Q3 2010 strong earnings report. A "BBB" rating is a medium investment grade rating.
BBBY announced that its Q3 2010 earnings were $188.6 million, or $.74 per share, a 28% increase compared to $151.3 million, or $.58 per share a year earlier. Net sales increased by 11% and comparable store sales increased by 7%.
BBBY announced that its Q2 2010 earnings were $181.6 million, or 70 cents per share, a 34% increase from $135.5 million, or 52 cents per share in the previous year. Revenue increased 12%. Analysts were expecting 63 cents on $2.1 billion in revenue.
Despite bearish technical indicators, S&P gave BBBY a positive 4 STAR (out of 5) buy rating. Also BBBY appears on the Investors Observer Analysts Favorites list.
S&P gave BBBY a 4 star buy rating on technical indicators. Additionally analysts at Jefferies initiated coverage on BBBY, starting the stock at buy.
S&P gives BBBY a positive 4 STAR (out of 5) buy rating.
BBBY announced that its Q1 2010 earnings were $137.6 million, or 52 cents per share, a 58% increase from $87.2 million, or 34 cents per share, in the year-ago period. Net sales and comparable store sales grew by 13% and 8.4% respectively. The company forecasts second-quarter net income between 59 cents per share and 63 cents per. Analysts were expecting 64 cents.
FBR Captial upgraded BBBY from Under Perform to Market Perform.
BBBY reported that its Q4 2009 earnings were $226 million, or 86 cents per share, up from the previous year's profit of $141.4 million, or 55 cents per share. Net sales for the period rose nearly 17 percent to $2.24 billion.
BBBY reported that its Q3 2009 earnings increased 73% from $87 million or 34 cents/share in 2008 to $151 million or 58 cents/share in 2009. Net sales increased by 11% as a result of a 7.3% increase in comparable store sales.
UBS initated coverage on BBBY with an initial rating of buy.
BBBY announced that its Q2 2009 profits increased by 14% with earnings of 52 cents per share. Revenue rose 3.3% despite a 0.6% decrease in comparable store sales. Even though the company beat expectations, it still finished lower due to general economic news from the fed.
BBBY reported that is net income for Q1 2009 was $87 million, up 14% from Q1 2008 net income of $77 million. In addition, net sales rose by 2.8% YOY. The company attributes this gain as a result of increased market share after the liquidation of former competitor Linens n' Things.
For Q4 2008 (ended Feb. 28, 2009), BBBY reported net income of $141 million, or $0.55 per diluted share. This is a 18% decline from the previous-year quarter, during which EPS was $0.66. However, earnings for Q4 2008 beat analyst expectations that estimated EPS to be around $0.44. Although hurt by lower consumer demand for its household discretionary goods and the weak retail and home markets, BBBY benefited from gaining market share from its niche-market rival Linens 'N Things, which declared bankruptcy in 2008.
In Q3 of FY2008 (ended 11/29/2008), BBBY's net income was $87.7 million, down 36.5% from that of the prior-year quarter. Comparable store sales were down 5.6%; much of the sales decrease may be attributed to the weak retail environment that has reduced consumer spending on non-essentials as well as the price pressure from liquidation of merchandise from the bankrupt competitor Linens 'N Things.
Sales for the home furnishing industry fell 13.5% in October 2008 due to the low customer demand caused by the bearish home market and grim retail envrionment. Home furnishings same-store sales are also expected to be negative for Q3 and Q4 of 2008. BBBY faces more challenges in this recession as customers forego consumption on non-necessities.
BBBY reported a 10.8% increase in net sales for the third fiscal quarter of 2007, but only a 0.8% increase in same store sales. Growing sales barely offset increased costs as net profit only grew from $388.4 million in the same quarter last year to $389.9 million this quarter.
BBBY announces that it will acquire buybuy BABY for $86 million in cash, as well as inherit its $19 million in debt.
BBBY announces that its First Quarter profits were below what they had expected due to a slow down in home sales. This caused stock prices to fall from $40.47 USD to $38.27 USD.