Bed Bath & Beyond (BBBY) Misses Q4 EPS by 95c

Bed Bath & Beyond (NASDAQ: BBBY) reported Q4 EPS of ($0.92), $0.95 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $2.07 billion.

Fiscal 2022 Outlook Commentary:

At this time, the Company is providing the following outlook parameters for fiscal 2022:

• Sequential Comparable3 Sales improvement to occur in the second half of fiscal 2022 versus the first half of fiscal 2022 based on anticipated improvement in supply chain conditions
• Adjusted² Gross Margin to expand modestly versus last year based on improvement in the second half of fiscal 2022
• Adjusted2 SG&A expense approximately flat to last year; $100 million optimization plan aims to offset inflation as previously announced
• Higher Adjusted2 EBITDA versus last year for the second half of fiscal 2022 based on the aforementioned Comparable3 Sales and Adjusted² Gross Margin commentary

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

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