Bed Bath & Beyond (BBBY) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Bed Bath & Beyond (BBBY) announced its most recent quarterly financial results on Wednesday, Sep-21-2016. BBBY reported $1.11 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $1.16. The company posted revenue of $2988.20 million in the period, compared to analysts expectations of $3049.66 million. BBBY’s revenue was down -.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.

Bed Bath & Beyond closed down -0.29 points or -0.67% at $43.05 with 21,98,117 shares getting traded on Tuesday. Post opening the session at $43.34, the shares hit an intraday low of $42.8875 and an intraday high of $43.69 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 15, 2016, Eugene A Castagna (Chief Operating Officer) sold 17,866 shares at $45.86 per share price. According to the SEC, on May 12, 2016, Steven H Temares (Chief Executive Officer) sold 223,678 shares at $45.81 per share price. On Apr 22, 2016, Arthur Stark (President and CMO) sold 17,139 shares at $49.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings which operates under the names Bed Bath & Beyond Christmas Tree Shops Christmas Tree Shops andThat! or andThat! Harmon or Harmon Face Values buybuy BABY and World Market Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store online or through a mobile device. In addition the Company operates Of a Kind an e-commerce Website that features specially commissioned limited edition items from emerging fashion and home designers. It also operates Linen Holdings a provider of a variety of textile products amenities and other goods to institutional customers in the hospitality cruise line healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.

Bed Bath & Beyond

Leave a Reply

Bed Bath & Beyond - Is it time to Sell?

Top Brokerage Firms are advising their investors on Bed Bath & Beyond. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.