Key Developments For Bed Bath & Beyond Inc.
Bed Bath & Beyond Inc. (BBBY.O) (Nasdaq)
Bed Bath & Beyond Inc. Comments On Q3, Q4 2009 Revenue Outlook; Issues Q3 2009 EPS Outlook In Line With Estimates; Issues FY 2009 Outlook In Line With Estimates-Conference Call
Bed Bath & Beyond Inc. announced that it expects consolidated comparable store sales to be relatively flat to slightly positive for the third and fourth quarters of 2009 and slightly negative to relatively flat for fiscal 2009. Consolidated net sales are expected to increase by a mid single digit percentage in the third and fourth quarters of 2009 and by a low to mid single digit percentage for all of fiscal 2009. The Company estimates net earnings per diluted share (EPS) of approximately $0.38 for the third quarter of 2009 and approximately $1.79 for fiscal 2009. The Company reported revenue of $7.208 billion in fiscal 2008. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.38 on revenue of $1.878 billion for the third quarter of 2009; revenue of $2.011 billion for the fourth quarter of 2009; EPS of $1.79 on revenue of $7.480 billion for fiscal 2009.
Bed Bath & Beyond Inc. Comments On Q4 2008 Comparable Store Sales And Revenue Guidance; Issues Q4, FY 2008 EPS Guidance Below Analysts' Estimates-Conference Call
Bed Bath & Beyond Inc. announced that for the fourth quarter of 2008, it expects a mid single digit decline in consolidated comparable store sales, consolidated net sales to be relatively flat to a low single digit decline and net earnings per diluted share (EPS) to be in the range of $0.40 to $0.46. This would bring fiscal 2008 net earnings estimates in the range of $1.50 to $1.56 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report EPS of $1.58 for fiscal 2008; EPS of $0.51 on revenue of $1.943 billion for the fourth quarter of 2008.
Bed Bath & Beyond Inc. Lowers Q3 2008 EPS Guidance; Comments On Q3 2008 Revenue And Comparable Store Sales Guidance; Comments On Q4 2008 Revenue Guidance
Bed Bath & Beyond Inc. announced that it is presently estimating net earnings for the third quarter of 2008 of approximately $0.31 to $0.35 per diluted share (EPS). Net sales for the third quarter of 2008 are estimated to have decreased by approximately 0.7% from net sales reported a year ago. The Company's comparable store sales for the quarter are estimated to have declined by approximately 5.6% as compared with previous guidance of a relatively flat to low single digit decline. Due to the Thanksgiving holiday occurring one week later this year than last year, the third quarter sales comparisons had a slight adverse impact. The fourth quarter 2008 sales comparisons are expected to have a slight benefit due to two additional pre-Christmas shopping days in the fiscal fourth quarter versus last year. The Company reported revenue of $1.794 billion in the third quarter of 2007 and revenue of $1.933 billion in the fourth quarter of 2007. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.40 on revenue of $1.841 billion for the third quarter of 2008; revenue of $1.994 billion for the fourth quarter of 2008.
Bed Bath & Beyond Inc. Issues Q3 2008 EPS Guidance In Line With Analysts' Estimates; Comments On Q3 2008 Same-Store Sales Guidance; Reaffirms FY 2008 Guidance-Reuters
Reuters reported that Bed Bath & Beyond Inc. expects third quarter 2008 net earnings of $0.41 to $0.47 per share. Same-store sales are expected to be relatively flat to down in the low single-digit percentage range. For fiscal 2008 it repeated its forecast for net earnings to be down in the low double-digit to mid-teens percentage range from $2.10 a share posted for fiscal 2007. Full-year comparable sales are expected to be relatively flat to slightly negative. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.45 for third quarter 2008 and $1.82 for fiscal 2008.
Bed Bath & Beyond Inc. Reaffirms FY 2008 EPS Guidance; Issues Q2 2008 EPS Guidance Inline with Analysts' Estimates-Conference Call
Bed Bath & Beyond Inc. reaffirmed its fiscal 2008 earning guidance. The Company continues to forecast its net earnings per share (EPS) for all of fiscal 2008 to show a low double-digit to a mid-teens percentage decline from the $2.10 net earnings per share reported for fiscal 2007. For the second quarter ending August 30, 2008, net earnings per share are forecasted to be in the range of $0.43-$0.48 per share. According to Reuters estimates, analysts are expecting the Company to report EPS of $0.46 for second quarter 2008.
