Bed Bath & Beyond -8.3% AH, misses lofty expectations, guides EPS lower

A slight miss in FQ3 and lowered guidance is sending Bed Bath & Beyond (BBBY) shares tanking 8.3% in AH trading.

Comparable store sales growth slowed to 1.3% during the quarter, down from 1.7% in FQ3 of last year.

During the quarter, BBBY opened 5 Bed Bath & Beyond stores, 2 Christmas Tree Shops/andThat! locations, and 3 World Market shops. It closed 3 namesake stores.

Gross margin fell to 39.2% in FQ3 from 39.8% in the respective period last year.

Management sees EPS of $1.60-$1.67 in FQ4, down from previous guidance of $1.70-$1.77, and well below analyst expectations of $1.78.

PR, conference call at 5pm ET

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs