Bed Bath & Beyond (BBBY) Misses Q1 EPS by 10c, Comps Down 2.0%

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Go back to Bed Bath & Beyond (BBBY) Misses Q1 EPS by 10c, Comps Down 2.0%

Bed Bath & Beyond Inc. Reports Results For Fiscal 2017 First Quarter

June 22, 2017 4:15 PM EDT

UNION, N.J., June 22, 2017 /PRNewswire/ -- Bed Bath & Beyond Inc. (NASDAQ: BBBY) today reported financial results for the first quarter of fiscal 2017 ended May 27, 2017.

First Quarter Results

For the fiscal 2017 first quarter, the Company reported net earnings of $.53 per diluted share ($75.3 million), including an unfavorable impact of approximately $.05 from the adoption of the new share-based payment accounting standard, compared with $.80 per diluted share ($122.6 million) for the fiscal 2016 first quarter.  Net sales for the fiscal 2017 first quarter were approximately $2.7 billion, an increase of approximately 0.1% from the prior year quarter.  Comparable... More