Bed Bath & Beyond Inc. Earnings Cheat Sheet: Net Income Up

S&P 500 (NYSE:SPY) component Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported its results for the fourth quarter. Bed Bath & Beyond, Inc. is a chain of retail stores. The retailer operates under the names Bed Bath & Beyond, Christmas Tree Shops, Harmon and Harmon Face Values (Harmon) and buybuy BABY.

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Bed Bath & Beyond Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Bed Bath & Beyond Inc. rose to $180.6 million (72 cents/share) vs. $137.5 million (52 cents/share) a year earlier. A rise of 31.3% from the year earlier quarter.

Revenue: Rose 9.7% to $2.11 billion YoY.

Actual vs. Wall St. Expectations: BBBY beat the mean analyst estimate of 63 cents/share. Estimates ranged from 60 cents per share to 67 cents per share.

Competitors to Watch: Kirkland’s, Inc. (NASDAQ:KIRK), Williams-Sonoma, Inc. (NYSE:WSM), Pier one Imports, Inc. (NYSE:PIR), Walmart (NYSE:WMT), Target (NYSE:TGT), Costco (NASDAQ:COST).

Stock Performance: Shares of BBBY are up 2.2% from the previous close of $54.06.

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(Source: Xignite Financials)