Bed Bath & Beyond (BBBY) Reports In-Line Q1 EPS, Comps Decline 0.6%
Get Alerts BBBY Hot Sheet
Join SI Premium – FREE
Bed Bath & Beyond (NASDAQ: BBBY) reported Q1 EPS of $0.32, in-line with the analyst estimate of $0.32. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.75 billion.
Comparable Sales Declined Approximately 0.6%
Fiscal 2018
During the conference call with analysts and investors, the Company plans to review its quarterly results and its financial planning assumptions for fiscal 2018.
The Company's planning assumptions reflect actual results through the fiscal first quarter and the current trends the Company has been experiencing. Based on its planning assumptions, the Company continues to model net earnings per diluted share for the full year to be in the low-to-mid $2.00 range.
The Company remains on track with its three-year financial goals that comprise its vision for 2020 which include: to achieve comparable sales growth beginning in fiscal 2018; to achieve moderating declines in operating profit and net earnings per diluted share in fiscal 2018 and fiscal 2019; and to achieve growth in net earnings per diluted share by fiscal 2020.
For earnings history and earnings-related data on Bed Bath & Beyond (BBBY) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bristol-Myers Squibb (BMY) stock slips despite earnings beat
- Equinor ASA (EQNR) Tops Q1 EPS by 22c, misses on revenue
- Integer Holdings Corp (ITGR) Tops Q1 EPS by 2c ; Offers Guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot Guidance, Retail SalesRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!