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