This excerpt taken from the BBBY 8-K filed Jun 24, 2009.
Quarterly Comparable Store Sales Decrease by 1.6%
UNION, New Jersey, June 24, 2009 Bed Bath & Beyond Inc. today reported net earnings of $.34 per diluted share ($87.2 million) in the fiscal first quarter ended May 30, 2009, compared with net earnings of $.30 per diluted share ($76.8 million) in the same quarter a year ago. Net sales for the fiscal first quarter of 2009 were approximately $1.694 billion, an increase of approximately 2.8% from net sales of $1.648 billion reported in the fiscal first quarter of 2008. Comparable store sales for the fiscal first quarter of 2009 decreased by approximately 1.6%.
As of May 30, 2009, the Company had a total of 1,044 stores, including 935 Bed Bath & Beyond stores in 49 states, the District of Columbia, Puerto Rico and Canada, 53 Christmas Tree Shops stores, 16 buybuy BABY stores, and 40 stores under the names of Harmon or Harmon Face Values. During the fiscal first quarter, the Company opened six Bed Bath & Beyond stores, one Christmas Tree Shops store, and one buybuy BABY store and closed one Bed Bath & Beyond store. Consolidated store space as of May 30, 2009 was approximately 32.2 million square feet. Since the beginning of the fiscal second quarter on May 31, 2009, three additional Bed Bath & Beyond stores have been opened and one Bed Bath & Beyond store has been closed. In addition, through a joint venture, the Company operates two stores in the Mexico City market under the name Home & More.