Bed Bath & Beyond (BBBY) Tops Q4 EPS Views; Initiates Quarterly Dividend

Bed Bath & Beyond (Nasdaq: BBBY) reported Q4 EPS of $1.85, $0.04 better than the analyst estimate of $1.81. Revenue for the quarter came in at $3.42 billion versus the consensus estimate of $3.39 billion.

EPS excluded approximately $0.06 per diluted share of a net benefit for certain non-recurring items, including a favorable state audit settlement. Inclusive of the benefits, GAAP EPS was $1.91 in Q4.

Comparable sales on a constant currency basis (a non-GAAP measure) increased by 2.1% for the fourth quarter of fiscal 2015. Comparable sales from customer-facing digital channels grew in excess of 25% while comparable sales from stores were relatively flat during the fourth quarter of fiscal 2015.

Capital Return:

Bed Bath & Beyond initiated a quarterly dividend of $0.125 per share, or $0.5 annualized.

The dividend will be payable on July 19, 2016, to stockholders of record on June 17, 2016, with an ex-dividend date of June 15, 2016.

The annual yield on the dividend is 1 percent.

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

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