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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 Earnings Fall 11% 0 comments
    Apr 10, 2014 9:47 AM | about stocks: BBBY

    Originally published at www.seclive.com

    Filing in Focus: Bed Bath & Beyond 8-K, April 9, 2014

    Bed Bath & Beyond Inc. (NASDAQ:BBBY) announced its financial results for the fourth quarter and full fiscal year 2014, reporting quarterly earnings that declined 11%. The home-furnishings retailer posted sales of $3.20B, a 5.8% decrease from a year ago, missing analyst expectations of $3.22B with same-store sales rising 1.7%, short of the predicted 2% to 4% range. The company's gross margin tightened slightly from 41% to 40.5% with selling, general, and administrative expenses decreasing 3.3%. Bed Bath & Beyond quarterly earnings were $333.3M and $1.60 per share, down from $373.9M and $1.68 per share in the year-ago quarter. For the fiscal year the company is expecting earnings growth in mid-single digit range, short of the 9.8% analyst-predicted increase to $5.27 per share.

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

    Stocks: BBBY
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