(Updated - June 22, 2016 4:20 PM EDT)

Bed Bath & Beyond (NASDAQ: BBBY) reported Q1 EPS of $0.80, $0.06 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $2.74 billion versus the consensus estimate of $2.78 billion.

Comparable sales in the first quarter of fiscal 2016 decreased by approximately 0.5%, compared with an increase of approximately 2.2% in the prior year period.

Bed Bath & Beyond expects its fiscal 2016 net earnings per diluted share to be comfortably within the $4.50 to just over $5.00 range that it has earned over the past several years, during a heavy investment phase. This is the range of net earnings per diluted share that the Company previously described in its April 6, 2016, fiscal fourth quarter earnings press release.

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