Bed Bath & Beyond (BBBY) Tops Q4 EPS by 9c, FY EPS Guidance Beats

Bed Bath & Beyond (NASDAQ: BBBY) reported Q4 EPS of $1.20, $0.09 better than the analyst estimate of $1.11. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.33 billion.

Comparable sales in the fiscal 2018 fourth quarter declined approximately 1.4% 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 FY2019 EPS of $2.11-$2.20, versus the consensus of $1.79.

• In 2020 and long term, incorporating the cumulative effects of its comprehensive transformation plan; its capital allocation strategy; and operating margin improvement of over 300 basis points, the Company expects to achieve double-digit growth rates in net earnings per diluted share

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

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