Mon, Oct. 5, 10:40 AM
Wed, Jun. 24, 4:38 PM
- Bed Bath & Beyond (NASDAQ:BBBY) reports comparable-store sales gained 2.2% in FQ1.
- The comp was clipped 30 bps by an unfavorable swing in the Canadian dollar.
- Operating profit fell during the quarter on higher SG&A expenses.
- The company says its modeling for a consistent 2% to 3% rise comparable-store sales for the fiscal year.
- Previously: Bed Bath & Beyond misses by $0.01, revenue in-line
- BBBY -1.05% after hours.
Mon, Jun. 1, 10:58 AM
Wed, Apr. 8, 5:38 PM
Wed, Feb. 25, 2:18 PM
Thu, Jan. 8, 4:42 PM
- Bed Bath & Beyond's (NASDAQ:BBBY) comparable store sales rose 1.7% Y/Y in FQ3, a slowdown from FQ2's 3.4%.
- The retailer continues to expect FQ4 EPS of $1.78-$1.83, in-line with a $1.80 consensus.
- FQ3 gross margin fell 80 bps Y/Y to 38.4%. SG&A spend rose 4% to $776.3M, slightly outpacing revenue growth of 3%.
- A $1.1B accelerated buyback was finished in December. $200M had been spent via BBBY's $2B buyback program as of Nov. 29.
- FQ3 results, PR
Nov. 20, 2014, 3:24 PM
- Home furnishing stocks stocks are in rally mode after Kirkland's (KIRK +22.9%) and Williams-Sonoma (WSM +8.3%) both top expectations.
- The development follows strong reports from Home Depot and Lowe's which also showed strong demand for home products.
- Gainers: Restoration Hardware (NYSE:RH) +6.4%, Pier 1 Imports (NYSE:PIR) +2.0%, Haverty Furniture (NYSE:HVT) +2.5%, Bed Bath & Beyond (NASDAQ:BBBY) +2.0%, Ethan Allen (NYSE:ETH) +2.9%.
Sep. 24, 2014, 9:20 AM
Sep. 23, 2014, 5:35 PM
Sep. 23, 2014, 4:17 PM
Jul. 9, 2014, 9:09 AM
- Shares of Bed Bath & Beyond (BBBY), Pier 1 Imports (PIR), and Williams-Sonoma (WSM) are on watch after The Container Store (TCS) CEO Kip Tindell paints an ugly picture for specialty retail.
- Tindell on retail: "...consumers seem to be buying homes and automobiles and even high ticket furniture which has kind of been in the doldrums since the great recession. But most segments of retail are a little like us, seeing more challenging sales certainly than we had hoped for early in 2014."
- The Container Store earnings call transcript
- TCS -16.1% premarket
Jul. 7, 2014, 8:46 AM
Jul. 7, 2014, 8:24 AM
Jun. 26, 2014, 12:46 PM
- Bed Bath & Beyond (BBBY -8.5%) hits a fresh 52-week low in heavy volume after Q1 results and Q2 guidance missed analyst estimates; Q1 comp sales grew 0.4% vs. 3.4% in the year-ago quarter, and Q2 same store sales are seen growing 1%-3%.
- In the company's earnings conference call, management said it was "cautiously optimistic about the balance of the fiscal year."
- Morgan Stanley cuts its price target to $58 from $63, saying BBBY remains unattractive given margin pressures and slippage as it executes its omni-channel strategy; Canaccord sees no clear near-term catalyst in place to drive a recovery, and visibility into how long the current level of operational investments will continue remains limited (Briefing.com).
- Argus Research is a lone voice of optimism, believing the 2012 acquisition of Cost Plus could help drive store traffic with unique merchandise.
Jun. 26, 2014, 12:45 PM
Jun. 26, 2014, 9:17 AM
Bed Bath & Beyond Inc operates a chain of retail stores. It operates under the names Bed Bath & Beyond, Christmas Tree Shops, Harmon and Harmon Face Values, buybuy BABY & World Market or Cost Plus World Market.
Other News & PR