Bed Bath & Beyond (BBBY) Reports In-Line Q3 EPS, Offers Q4 Guidance

Bed Bath & Beyond (NASDAQ: BBBY) reported Q3 EPS of $1.09, in-line with the analyst estimate of $1.09. Revenue for the quarter came in at $2.95 billion versus the consensus estimate of $2.97 billion.

• Comparable sales in the third quarter of fiscal 2015 decreased by approximately 0.4%, compared with an increase of approximately 1.7% in last year's fiscal third quarter.

GUIDANCE:

Bed Bath & Beyond sees Q4 2016 EPS of $1.72-$1.86, versus the consensus of $1.85.

• The Company is now modeling comparable sales to be between relatively flat and an increase of approximately 2.0% for the fiscal 2015 fourth quarter which results in a range of approximately 0.6% to 1.1% for the fiscal full year.

For earnings history and earnings-related data on Bed Bath & Beyond (BBBY) click here.

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