Bed Bath & Beyond guides FQ4 lower, blames bad weather

Bed Bath & Beyond (BBBY) cuts its FQ4 outlook after it says severe weather led to 464 times a store was closed for a full day and 1,923 times a store was closed for a partial day.

Forecasts FQ4 (March) EPS of $1.57-$1.61 vs. prior guidance of $1.60-$1.67 and analyst consensus estimate of $1.65, and sees comparable store sales up 1.7% vs. previous guidance of 2%-4% gains.

BBBY +0.2% AH.

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