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Bed Bath & Beyond Inc. (BBBY)

  • 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
  • Thu, Jan. 8, 4:18 PM
    • Bed Bath & Beyond (NASDAQ:BBBY): FQ3 EPS of $1.19 in-line.
    • Revenue of $2.94B (+2.8% Y/Y) misses by $30M.
    • Shares -4.67% AH.
    • Press Release
    | Comment!
  • Wed, Jan. 7, 5:35 PM
  • Tue, Jan. 6, 11:29 AM
    • Specialty retail is set up to see a strong year, according to Jefferies analyst Randal Konik.
    • The sector enters the year in a better position than in 2014 with inventory clean and the macroeconomic backdrop looking supportive.
    • Comp sales will lag a string of weak quarters and lower cotton prices will filter down to the bottom lines of the group, says Konik.
    • Specialty retailers (partial list): EXPR, ZUMZ, PSUN, ARO, AEO, ANF, CACH, CHS, NWY, BEBE, ANN, CBK, GPS, GES, PIR, BBBY, TCS, LE, VRA.
    | Comment!
  • Mon, Jan. 5, 8:50 AM
    • The PetSmart LBO strategy could be utilized again in the retail sector amid the current low interest rate environment, note analysts.
    • Bloomberg picks some top candidates to see a LBO play this year.
    • GameStop (NYSE:GME): Valuation has been driven down to a level that could attract P-E firms.
    • Bed Bath & Beyond (NASDAQ:BBBY): Spinoff opportunities and a lagging stock price make BBBY a LBO natural, note sector watchers.
    • Pier 1 Imports (NYSE:PIR): A buyer would have plenty of opportunities to cut costs and set a turnaround strategy.
    • Dick's Sporting Goods (NYSE:DKS): Perhaps the surprise in the bunch, but analysts see upside potential in a LBO scenario as a shift in focus is enacted.
    • Previous on LBOs in retail: Retail trends to watch
  • Fri, Jan. 2, 7:25 AM
    • Canaccord Genuity upgrades Bed Bath & Beyond (NASDAQ:BBBY) to a Buy rating from Neutral.
    • The investment firm increases the price target on the specialty retailer to $91 from $66.
    • Channel checks on traffic and conversions for BBBY in December were positive.
    • BBBY +1.2% premarket.
    | Comment!
  • 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%.
    | Comment!
  • Nov. 20, 2014, 10:45 AM
    • The usual suspects topped a list of the businesses with the most foot traffic in October, compiled by location analytics firm Placed.
    • The top five chains were Wal-Mart (NYSE:WMT), McDonald's (NYSE:MCD), Subway, Starbucks (NASDAQ:SBUX), and Walgreens (NYSE:WAG).
    • Significant movers over the last month include KMart (NASDAQ:SHLD) +9 spots, KFC (NYSE:YUM) +6 spots, Bed Bath & Beyond (NASDAQ:BBBY) -7 spots, and Costco (NASDAQ:COST) -6 spots.
  • Oct. 31, 2014, 1:21 PM
    • The odds aren't good for a national roll-out of smartphone payments solution CurrentC, according to USA Today's Jeff Graham.
    • The retail consortium admitted to a hacking incident earlier this week and has lost momentum with Apple Pay dominating headlines.
    • Inside the network, Meijer broke ranks with fellow MCX members by moving to accept Apple Pay with its hardware.
    • CurrentC was created to help the retail industry bypass credit card fees.
    • Partial list of MCX members: LUV, GPS, DNKN, KR, TGT, WMT, BBBY, KSS, SHLD, WEN, BBY.
  • Sep. 24, 2014, 9:20 AM
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  • Sep. 24, 2014, 8:13 AM
  • Sep. 23, 2014, 5:35 PM
    | Comment!
  • Sep. 23, 2014, 4:17 PM
    • Bed Bath & Beyond (NASDAQ:BBBY): FQ2 EPS of $1.17 beats by $0.03.
    • Revenue of $2.94B (+4.3% Y/Y) beats by $50M.
    • Shares +5.8% AH.
    • Press Release
    | 1 Comment
  • Sep. 23, 2014, 3:30 PM
    • Shares of Bed Bath & Beyond (BBBY -1.4%) are skittish heading into today's earnings release from the retailer.
    • It's not without good cause after peers The Container Store and Pier 1 Imports both lowered sales projections due to soft demand.
    • What to watch: Channel checks have indicated the company's traffic has been driven by 20%-off deals. Margin rates could be well-off last year's levels.
    | 1 Comment
  • Sep. 22, 2014, 5:35 PM
  • Sep. 17, 2014, 11:54 AM
    • Channel checks from Cleveland Research indicate Bed Bath & Beyond's (BBBY -0.5%) FQ2 sales are running behind estimates.
    • The retailer expected to improve comp sales by 3% after putting in a 0.4% gain in FQ1.
    | Comment!
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Company Description
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.
Sector: Services
Country: United States