Last $73.75 USD
Change Today -1.13 / -1.51%
Volume 2.5M
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As of 8:10 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

bed bath & beyond inc (BBBY) Key Developments

Bed Bath & Beyond Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 29, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2015

Bed Bath & Beyond Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 29, 2014. For the quarter, the company's net sales were $2,942,980,000 compared to $2,864,837,000 a year ago. Operating profit was $352,683,000 compared to $374,647,000 a year ago. Earnings before provision for income taxes was $333,114,000 compared to $375,961,000 a year ago. Net earnings was $225,408,000 compared to $237,197,000 a year ago. Net earnings per share - diluted was $1.23 compared to $1.12 a year ago. Comparable sales in the fiscal third quarter of 2014 increased by approximately 1.7%, compared with an increase of approximately 1.3% in last year’s fiscal third quarter. For the nine months, the company's net sales were $8,544,583,000 compared to $8,300,649,000 a year ago. Operating profit was $1,022,125,000 compared to $1,087,514,000 a year ago. Earnings before provision for income taxes was $990,934,000 compared to $1,086,928,000 a year ago. Net earnings was $636,413,000 compared to $688,991,000 a year ago. Net earnings per share - diluted was $3.31 compared to $3.20 a year ago. Net cash provided by operating activities was $504,197,000 compared to $601,936,000 a year ago. Capital expenditures was $230,993,000 compared to $228,928,000 a year ago. Slightly more than half of these expenditures were for technology enhancements, with the remaining balance being used primarily for new stores, existing store improvements and other projects important to future. Comparable sales for the fiscal nine months of 2014 increased by approximately 1.9%, compared with an increase of approximately 2.7% in last year’s fiscal nine months. The company continues to model net earnings per diluted share to be approximately $1.78 to $1.83 for the fiscal fourth quarter of 2014. Net earnings per diluted share to be approximately $5.05 to $5.09 for the fiscal full year. Capital expenditures for fiscal 2014 are now planned to be $330 million, with slightly more than half for technology enhancements. The company anticipates interest expense of approximately $82 million.

Bed Bath & Beyond Inc.(NasdaqGS:BBBY) added to S&P 500 Value Index

Bed Bath & Beyond Inc.(NasdaqGS:BBBY) added to S&P 500 Value Index

Bed Bath & Beyond's Employees Allege Fair Labor Standards Act Violations

A class action lawsuit alleged Bed Bath & Beyond misclassified assistant store managers in violation of the Fair Labor Standards Act. The complaint alleges the company misclassified assistant store managers as exempt salaried employees to avoid paying overtime at a rate of time and a half for hours worked in excess of 40 during the workweek. The named plaintiff alleges he frequently worked 55-60 hours per week because he was required to unload and store merchandise in addition to other duties. The plaintiffs seek certification as a collective action and an award of unpaid owed overtime pay.

Bed Bath & Beyond Inc., Q3 2015 Earnings Call, Jan 08, 2015

Bed Bath & Beyond Inc., Q3 2015 Earnings Call, Jan 08, 2015

Bed Bath & Beyond Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 30, 2014; Provides Modeling Net Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2014

Bed Bath & Beyond Inc. reported unaudited consolidated earnings results for the second quarter and six months ended August 30, 2014. The company reported net earnings of $224.0 million or $1.17 per diluted share in the fiscal second quarter ended August 30, 2014, compared with net earnings for the fiscal second quarter of 2013 of $249.3 million or $1.16 per diluted share. Net sales for the fiscal second quarter of 2014 were approximately $2.945 billion, an increase of approximately 4.3% from net sales of approximately $2.824 billion reported in the fiscal second quarter of 2013. Comparable sales in the fiscal second quarter of 2014 increased by approximately 3.4%, compared with an increase of approximately 3.7% in last year's fiscal second quarter. Operating profit was $368.741 million against $389.766 million a year ago. Earnings before provision for income taxes was $359.213 million against $388.091 million a year ago. For the fiscal first half ended August 30, 2014, the Company reported net earnings of $411.0 million or $2.09 per diluted share compared with $451.8 million or $2.09 per diluted share in the corresponding period a year ago. Net sales for the fiscal first half of 2014 were approximately $5.602 billion, an increase of approximately 3.0% from net sales of approximately $5.436 billion in the corresponding period a year ago. Comparable sales for the fiscal first half of 2014 increased by approximately 2.0%, compared with an increase of approximately 3.5% in last year's fiscal first half. Operating profit was $669.442 million against $712.867 million a year ago. Earnings before provision for income taxes was $657.820 million against $710.967 million a year ago. Net cash provided by operating activities was $554.490 million against $495.595 million a year ago. Capital expenditures were $156.136 million against $130.322 million a year ago. The company is modeling net earnings per diluted share to be approximately $1.17 to $1.21 for the fiscal third quarter of 2014. Modeling net earnings per diluted share to be approximately $1.78 to $1.83 for the fiscal fourth quarter of 2014 Modeling net earnings per diluted share to be approximately $5.00 to $5.08 for the fiscal full year.

 

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BBBY

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Valuation BBBY Industry Range
Price/Earnings 15.2x
Price/Sales 1.2x
Price/Book 4.3x
Price/Cash Flow 14.3x
TEV/Sales 1.0x
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