Key Developments: Bed Bath & Beyond Inc (BBBY.O)

BBBY.O on Nasdaq

62.32USD
28 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Bed Bath & Beyond Inc Issues Q3, FY 2013 EPS Outlook; Issues Q4 2013 Outlook Below Analysts' Estimates; Comments On Q3, Q4 Comparable Store Sales Outlook; Comments On Q3 2013 Revenue Outlook
Wednesday, 25 Sep 2013 04:15pm EDT 

Bed Bath & Beyond Inc announced that for third quarter of 2013, it expects net earnings per diluted share (EPS) to be approximately $1.11 to $1.16, net sales to increase by approximately 6% to 8% and Comparable store sales are modeled to increase by approximately 1% to 3%. For fourth quarter of 2013, it expects net EPS to be in the range of $1.70 to $1.77, net sales to decrease by approximately 2% to 4% when comparing the 13 weeks of this year's fiscal fourth quarter to the 14 weeks of fourth quarter of fiscal 2012 and Comparable store sales are projected to increase by approximately 3.5% to 5.5%. For fiscal 2013, it expects EPS to be approximately $4.88 to $5.01, which will include Cost Plus, Inc. (World Market) and Linen Holdings for all of fiscal 2013. The Company reported revenue of $3.401 billion for fourth quarter of 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.12 for third quarter of 2013; EPS of $1.83 and revenue of $3.397 billion for fourth quarter of 2013; EPS of $5.01 for fiscal 2013.  Full Article

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