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.
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.
Stock Performance: Shares of BBBY are up 2.2% from the previous close of $54.06.
(Source: Xignite Financials)