Bed Bath & Beyond, Inc. (BBBY) Reports In-Line Q4 EPS; Issues Light Q1 Outlook

Bed Bath & Beyond, Inc. (NASDAQ: BBBY) reported Q4 EPS of $1.60, in-line with the analyst estimate of $1.60. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.22 billion.

Comparable store sales in the fiscal fourth quarter of 2013 increased by approximately 1.7%, compared with an increase of approximately 2.5% in last year's fiscal fourth quarter.

Bed Bath & Beyond, Inc. sees Q1 2015 EPS of $0.92 - $0.96, versus the consensus of $1.02.

As of March 1, 2014, the Company had a total of 1,496 stores, including 1,014 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico and Canada, 265 stores under the names of World Market, Cost Plus World Market or Cost Plus, 90 buybuy BABY stores, 77 stores under the names of Christmas Tree Shops, Christmas Trees Shops andThat! or andThat!, and 50 stores under the names of Harmon or Harmon Face Values. During the fiscal fourth quarter, the Company opened three Bed Bath & Beyond stores, four buybuy Baby stores, one Harmon Face Values store and one Christmas Tree Shops andThat! store, as well as closed four Cost Plus World Market stores. Consolidated store space, net of openings and closings for all our concepts, as of March 1, 2014 was approximately 42.6 million square feet. In addition, the Company is a partner in a joint venture which operates four stores in the Mexico City market under the name Bed Bath & Beyond.

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

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