Bed Bath & Beyond (BBBY) Misses Q1 EPS by 1c; Guides Q2 EPS to Low-Side of Expectations

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Bed Bath & Beyond Inc. Reports Results For Fiscal 2015 First Quarter

June 24, 2015 4:15 PM EDT

UNION, N.J., June 24, 2015 /PRNewswire/ -- Bed Bath & Beyond Inc. today reported financial results for the first quarter of fiscal 2015 ended May 30, 2015.

Fiscal 2015 First Quarter Results

For the first quarter of fiscal 2015, the Company reported net earnings of $.93 per diluted share ($158.5 million) compared with net earnings for the first quarter of fiscal 2014 of $.93 per diluted share ($187.1 million).  Net sales for the first quarter of fiscal 2015 were approximately $2.738 billion, an increase of approximately 3.1% from net sales of approximately $2.657 billion reported in the first quarter of fiscal 2014.  Comparable sales in the first quarter of fiscal 2015 increased by... More