UPDATE: Bed Bath & Beyond (BBBY) Tops Q4 EPS by 2c, FY EPS Guidance Misses
Bed Bath & Beyond (NASDAQ: BBBY) reported Q4 EPS of $1.41, $0.02 better than the analyst estimate of $1.39. Revenue for the quarter came in at $3.72 billion versus the consensus estimate of $3.68 billion.
Comparable sales in the fiscal 2017 fourth quarter (14 weeks) decreased by approximately 0.6%, and included strong sales growth from the Company's customer-facing digital channels, and sales from stores that declined in the mid-single-digit percentage range.
Based upon its planning assumptions for fiscal 2018, as will be described in the conference call, the Company is modeling net earnings per diluted share for the full year to be in the low-to-mid $2.00 range.
(Street sees FY EPS of $2.76)
For earnings history and earnings-related data on Bed Bath & Beyond (BBBY) click here.