Wednesday, January 3, 2018

Home goods retailer’s net earnings continue to tumble in Q3

Chain Store Age

While Bed Bath & Beyond’s net earnings continue to slide, strong digital sales helped the chain beat analyst estimates for the third quarter.

Net sales were approximately $3.0 billion, relatively flat to the prior year quarter. Comparable sales decreased by approximately 0.3% for the period. While same-store sales declined in the low-single-digit percentage range during the fiscal 2017 third quarter, comparable sales from customer-facing digital channels continued their strong growth.. . . more