Bed Bath & Beyond, Inc. (BBBY) Reports In-Line Q1 EPS; Comps Up 3.0%

Bed Bath & Beyond, Inc. (NASDAQ: BBBY) reported Q1 EPS of $0.93, in-line with the analyst estimate of $0.93. Revenue for the quarter came in at $2.61 billion versus the consensus estimate of $2.6 billion.

Comparable store sales in the fiscal first quarter of 2013 increased by approximately 3.4%, compared with an increase of approximately 3.0% in last year's fiscal first quarter.

Bed Bath & Beyond, Inc. is modeling net earnings per diluted share to be approximately $1.11 to $1.16 for the fiscal second quarter of 2013 and, consistent with the prior estimate, to be approximately $4.84 to $5.01 for the full year, which will include Cost Plus, Inc. and Linen Holdings for all of fiscal 2013.

The street sees Q214 EPS of $1.14 and FY14 EPS of $5.02.

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

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