Thursday, April 12, 2018

Bed Bath & Beyond gives downbeat forecast

Chain Store Age
Bed Bath & Beyond’s fourth quarter sales and earnings beat the Street, but it issued gloomy guidance for its current year.

Bed Bath & Beyond said it earned $194 million in the quarter ended March 3, compared with $269 million in the year-ago period. Excluding items, the retailer reported adjusted earnings of $204.59 million, better than analysts had expected.

Sales rose 5.2% to $3.7 billion in the quarter. Same-store sales fell by about 0.6%.. . . more