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 releases its financial results for 2006 which are in-line with analyst estimates. BBBY's favorable financial results send stock on an upward trend from $37.14 USD to $39.21 USD.
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.
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