BBBY’s 2016 Outlook

On the conference call, Bed Bath & Beyond (BBBY) gave its outlook for this year:

In addition to our newly authorized dividend program, we will continue to repurchase shares under our current $2.5 billion authorization. As a reminder, share repurchases may be influenced by several factors, including business and market conditions.

As Steve said earlier, our earnings per diluted share have been in the $4.50 to just over $5.00 range since we entered a heavy investment phase several years ago, and we believe we can again achieve earnings per diluted share at the high end of this range this year and, in the event our comp is higher than the 1% to 2% range we are modeling, exceed it.

The stock is having a good morning.

big04072016

Posted by on April 7th, 2016 at 10:56 am


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