Bed Bath & Beyond (BBBY) Reports In-Line Q1 EPS, Comps Decline 0.6%

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Go back to Bed Bath & Beyond (BBBY) Reports In-Line Q1 EPS, Comps Decline 0.6%

Bed Bath & Beyond Inc. Reports Results For Fiscal 2018 First Quarter

June 27, 2018 4:15 PM EDT

UNION, N.J., June 27, 2018 /PRNewswire/ -- Bed Bath & Beyond Inc. (NASDAQ: BBBY) today reported financial results for the first quarter of fiscal 2018 ended June 2, 2018.

Fiscal 2018 First Quarter Results

For the fiscal 2018 first quarter, the Company reported net earnings of $.32 per diluted share ($43.6 million), which included the following: an unfavorable impact of approximately $0.06 from severance costs incurred in the first quarter, which was not included in the Company's fiscal 2018 modeling assumptions; and a favorable impact of approximately $0.05 from the adoption of the new accounting standard, FASB ASC 606, Revenue... More