(Updated - January 9, 2019 4:20 PM EST)

Bed Bath & Beyond (NASDAQ: BBBY) reported Q3 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $3 billion versus the consensus estimate of $3.04 billion.

Comparable sales in the fiscal 2018 third quarter declined approximately 1.8%, 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.

GUIDANCE:

Bed Bath & Beyond sees FY2018 EPS of $2.00, versus the consensus of $1.99.

• During the conference call with analysts and investors, the Company plans to review its quarterly financial results, share its updated financial planning assumptions for fiscal 2018, and provide some high-level, directional information for fiscal 2019.
• The Company's modeling assumptions for fiscal 2018 have been updated to consider its results to date, including the holiday selling season; the continuation of trends it has been experiencing; and actions being taken in support of the Company's stronger bias towards prioritizing long-term profitability over near-term sales growth. The Company continues to model net earnings per diluted share for the full year to be about $2.00.
• The Company is ahead of plan with respect to its longer-term financial goals to moderate the declines in its operating profit and net earnings per diluted share, this year and next, and grow net earnings per diluted share by 2020, and based on its preliminary assumptions, believes that its fiscal 2019 net earnings per diluted share will be about the same as fiscal 2018.

(Street sees FY19 EPS of $1.59)

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