Jul. 3, 2014, 10:24 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
Jun. 25, 2014, 5:42 PM
Jun. 25, 2014, 4:35 PM
- Bed Bath & Beyond (BBBY) expects FQ2 EPS of $1.08-$1.16, below a $1.20 consensus. FY14 guidance for mid-single digit % EPS growth is being reiterated.
- Comparable store sales rose just 0.4% Y/Y in FQ1 vs. 1.7% in FQ4 and 1.3% in FQ3.
- Gross margin fell to 38.8% from 40.4% in FQ4 and 39.5% a year ago. SG&A spend rose 3% Y/Y to $730.2M.
- $273M was spent to buy back 4.2M shares.
- FQ1 results, PR
Jun. 25, 2014, 4:17 PM| Comment!
Jun. 24, 2014, 5:35 PM
Jun. 11, 2014, 9:34 AM
- ICSC forecasts comparable-store sales for retail chains will increase by 3.5% Y/Y in June.
- The pace is slightly less than the snap-back from a slow Q1 that some analysts forecast.
- The read on June from the research firm is that wholesale clubs (WMT, COST, PSMT) and furniture stores (PIR, BBBY, LZB, ETH, RH, HVT, KIRK, WSM) showed "outstanding strength" for the first full week of the month.
- Related ETFs: IYK, UGE, SZK
Apr. 10, 2014, 9:12 AM
Apr. 10, 2014, 6:47 AM| Comment!
Apr. 9, 2014, 5:39 PM
Apr. 9, 2014, 4:17 PM
Apr. 9, 2014, 12:10 AM
Apr. 8, 2014, 5:35 PM
Mar. 27, 2014, 3:45 AM
- CEO salaries at companies that generate over $8B in revenues rose 4.1% to a median $9.8M in 2013 as shareholder activism kept a lid on pay, a WSJ-commissioned survey shows.
- While the increase was slightly greater than in 2012, it was well well under the median 25% shareholder return for the companies looked at.
- Clarence Otis of Darden Restaurants (DRI), which is a focus of investor activism, saw his pay drop 24% even as returns increased 4%, and while the compensation of Cisco's (CSCO) John Chambers jumped 49%, returns soared 65%. GameStop's (GME) Paul Raines enjoyed a 92% boost in his salary even though returns rose just 5.4%.
- Other relevant tickers: BBBY, ORCL, NKE, VIAB
BBBY vs. ETF Alternatives
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.
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