Bed Bath & Beyond Inc. Comments On Q1 2012 Revenue Guidance; Issues Q1 2012 EPS Guidance In Line With Analysts' Estimates; Issues FY 2012 Guidance In Line With Analysts' Estimates-Conference Call

Bed Bath & Beyond Inc. announced that for the first quarter of 2012, it expects modeling consolidated net sales to increase by 4% to 6% and modeling net earnings per diluted share (EPS) to be approximately $0.79 to $0.83. For fiscal 2012 it expects modeling consolidated net sales to be 5% to 7% and net earnings per diluted share to increase by a high single digit to a low double digit percentage. The Company reported revenues of $5.191 billion and EPS of $2.97 in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $1.345 billion and EPS of $0.79 for the first quarter of 2012; revenues of $5.679 billion and EPS of $3.5 for fiscal 2012.