Bed Bath & Beyond Inc.NASDAQ
Fri, Oct. 14, 9:05 AM
- Retail sales increased 2.7% Y/Y and 0.6% M/M in September on broad gains across categories. The sales totals for August were also nudged slightly higher.
- Sales from nonstore retailers like Amazon (NASDAQ:AMZN) were up 10.6% Y/Y to once again account for a higher percentage of overall sales.
- The building material & garden equipment category showed a 1.4% M/M and 5.6% Y/Y gain which bodes well for Home Depot (NYSE:HD) and Lowe's (NYSE:LOW).
- Department stores (DDS, SHLD, JCP, M, JWN) lagged again as sales fell 0.7% M/M and 6.4% Y/Y, while furniture and home furnishing stores (HVT, WSM, KIRK, RH, BBBY) outpaced the broad averages in the sector.
- Restaurant sales (NASDAQ:BITE) showed a nice jump from August, although the breakdown between large publicly-traded chains and independent restaurants isn't broken down.
- The early take from retail analysts is that the overall tone from the report is ever-so-slightly positive for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).
- Previously: Retail sales track higher as expected (Oct. 14)
Thu, Oct. 6, 8:48 AM
- Bed Bath & Beyond (NASDAQ:BBBY) is testing a paid subscription service with select customers that offers up to a 20% discount on purchases.
- The cost of the membership subscription is $29 per year.
- The company is looking for a way to reduce its reliance on coupons to deliver store traffic, while also keeping competitive with Amazon online.
- During the firm's last earnings call, management cited coupon expenses as a factor in why its merchandise margin decreased.
- BBBY earnings call transcript
Fri, Sep. 23, 9:29 AM
Wed, Sep. 21, 4:45 PM
- Bed Bath & Beyond (NASDAQ:BBBY) reports a 1.2% decline in comparable sales in FQ2.
- The company received a +20% sales boost from customer-facing digital channels during the quarter to help make up for weak traffic at stores.
- Bed Bath & Beyond sees full-year EPS of $4.50 to $5.00.
- Previously: Bed Bath & Beyond misses by $0.06, misses on revenue (Sept. 21)
- BBBY -0.60% AH to $42.92.
Wed, Sep. 21, 4:17 PM
Wed, Sep. 21, 1:50 PM
- There's some anxious trading on Bed Bath & Beyond (BBBY -1.3%) ahead of the company's Q2 earnings release due out after the bell.
- Robert W. Baird says the weak trends reported by other home furnishing and furniture retailers puts its +0.5% same-store sales and $1.19 EPS (consensus $1.16) estimates at risk.
- Shares of BBBY trade at the low end of their 52-week range of $41.15 to $61.90, swapping hands at $42.52 at last check.
- Baird maintains a Neutral rating and $45 price target on the stock.
Tue, Sep. 20, 5:35 PM
Wed, Sep. 14, 7:38 AM
Wed, Aug. 24, 1:42 PM
- Bed Bath & Beyond (BBBY +0.2%) announces it appointed an independent auditor to help determine if bedding products from supplier Welspun India are actually made of Egyptian cotton.
- Separately, Wal-Mart is also looking into Welpsun's cotton certification records.
Wed, Aug. 24, 7:40 AM
- Bed Bath & Beyond (NASDAQ:BBBY) paid less than $30M for One Kings Lane, according to Recode.
- The low sales price is reported to be less than 3% of the peak valuation of the home goods website.
- The company didn't disclose financial details of the transaction.
- Previously: Bed Bath & Beyond purchases One Kings Lane (June 14)
Wed, Aug. 17, 11:16 AM
- Soft earnings reports from Target, Lowe's, and Staples are tainting the retail sector today.
- A loose theme among the trio is that they are feeling the impact of general store traffic pressure on one front and under-performing Amazon on the e-commerce side (or Home Depot in the case of Lowe's).
- Notable movers include Office Depot (ODP -7%), Pier 1 Imports (PIR -2.7%), Haverty Furniture (HVT -1.1%), Sears Holdings (SHLD -6.5%), Stage Stores (SSI -3%), Nordstrom (JWN -2.4%), Tilly's (TLYS -0.8%), Zagg (ZAGG -2.7%), Party City (PRTY -1.3%), J.C. Penney (JCP -4.4%), Restoration Hardware (RH -4.1%) Bed Bath & Beyond (BBBY -1.9%), Williams-Sonoma (WSM -2.8%), and Kohl's (KSS -2.3%),
- Looking ahead, Wal-Mart (WMT -0.3%) reports earnings tomorrow before the bell. The same-store sales bar is relatively low after the company guided for a 1% gain for U.S. SSS and with the consensus estimate of analysts even lower at +0.9%. Perhaps more important than Q2 numbers will be the comments from Wal-Mart management on the Jet.com integration and the impact of higher base wages.
Thu, Jun. 23, 12:07 PM
- Down sharply initially after last night's earnings miss, Bed Bath & Beyond (BBBY +0.9%) has seen the dip buyers move in. Still, the long-term price trend isn't a pretty one, with the stock down about 40% since early 2015.
- Credit Suisse's Seth Sigman sees near-term downside of about $39 (vs. current $43.60). "We think the company is generally doing the right things for the long term, but we see that continuing to pressure near-term results."
- Though calling the Q1 report "not shocking," Goldman nevertheless trims its Q2 EPS estimate to $1.13 from $1.19, and full-year estimate to $4.70 from $4.85 (and vs. the company at $4.50-$5).
Wed, Jun. 22, 5:36 PM
Wed, Jun. 22, 5:33 PM
- Bed Bath & Beyond (NASDAQ:BBBY) -4.8% AH after reporting weaker than expected FQ1 earnings on flat sales, as the company continues to struggle with the shift away from brick-and-mortar stores.
- However, BBBY affirms its FY 2017 profit outlook, seeing EPS "comfortably" in the range it has earned over last several years during a heavy investment phase of $4.50-$5.00 vs. $4.98 analyst consensus estimate.
- BBBY says sales at stores open for at least a year fell 0.5% during the quarter, compared with a year-earlier increase of 2.2% and analyst expectations for a 0.6% increase; gross margin narrowed to 37.4% from 38.1% a year ago.
Wed, Jun. 22, 4:16 PM
Tue, Jun. 21, 5:35 PM