Bed Bath & Beyond Earns 85 Cents per Share

Bed Bath & Beyond (BBBY) just dropped a rotten third-quarter earnings report. The home furnishings stock earned 85 cents per share for Q3. That was well short of Wall Street’s estimate of 98 cents per share. That’s also down from the $1.09 per share they made in last year’s Q3. Net sales rose 0.1% to $2.955 billion, and comparable sales fell 1.4%.

Bed Bath updated its guidance. Before, they said to expect full-year earnings to range between $4.50 and $5 per share. Now they say to expect earnings at the low end of that range.

The company has made $2.76 per share for the first three quarters of this year. That implies a Q4 earnings of $1.74 per share to reach $4.50 for the year. Wall Street had been expecting $1.86 per share. For context, BBBY made $1.91 per share in last year’s Q4. The stock is down about 4% in the after-hours market.

Posted by on December 21st, 2016 at 4:28 pm


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