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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Bed Bath & Beyond's Earnings Rise 11% 0 comments
    Sep 26, 2013 2:01 AM | about stocks: BBBY

    Originally published at www.seclive.com

    Bed Bath & Beyond Inc. (NASDAQ:BBBY) announced its financial results for the second quarter of fiscal year 2013, reporting earnings and revenue increases. Revenue increased 8.9% to $2.82B while its gross margin shrank slightly from 39.8% to 39.4%. Bed Bath & Beyond earnings for the quarter were $249.3M, or $1.16 per share, compared to last year this quarter with $224.3M and $0.98 earnings per share. The company has taken steps to improve profitability by updating its website offerings while also making specialty foods and beverages another aspect to its store. The company's stock price jumped after Bed Bath & Beyond raised the lower end of its annual guidance by $0.04. Same-store sales increased 3.7%, just edging out the 3.5% growth experienced a year ago.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: BBBY
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