More on Bed Bath & Beyond: The company is establishing a new $2.5B stock buyback program,...

|About: Bed Bath & Beyond Inc. (BBBY)|By:, SA News Editor

More on Bed Bath & Beyond: The company is establishing a new $2.5B stock buyback program, increasing its total authorization to $2.72B. That's good for buying back 19% of shares at current levels. FQ3 same-store sales rose 1.7% Y/Y, down from FQ2's 3.5% - the company thinks Hurricane Sandy had a 0.9% impact. FQ4 guidance is for EPS of $1.60-$1.67, below a $1.75 consensus. BBBY -3.7% AH. CC at 5PM ET (webcast). (PR)