Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Lehman Upgrades Bed Bath & Beyond

Lehman upgrades Bed Bath & Beyond (BBBY) to overweight from equal-weight.

Analyst Alan Rifkin believes Bed Bath & Beyond will announce the expansion of its Christmas Tree Shops (CTS) chain by year-end. He thinks management is very satisfied with Christmas Tree Shops's productivity, with estimated sales per square feet of $400, vs. $237 for company's namesake stores.

He notes management spent the past two years learning the operational side of Christmas Tree Shops. He believes the scalability of the model can drive Christmas Tree Shops's operating margin well above current 3% to 4% level, potentially above core Bed Bath & Beyond in the long term.

Rifkin sees the company next week posting 32 cents, vs. 27 cents first-quarter earnings per share on 4.5% higher same-store sales. He expects $1.90 fiscal 2006 (ending February) earnings per share, and $2.28 fiscal 2007 earnings per share.

blog comments powered by Disqus