Skip to content
Subscriber Only

Bed Bath & Beyond Jumps After It Tops Estimates, Starts Dividend

Video player cover image

Bed Bath & Beyond Quells Investor Fears

Bed Bath & Beyond Inc. gained as much as 8.6 percent in late trading after posting better-than-expected results and announcing a quarterly dividend, easing concerns that the retailer is losing ground to online rivals.

Excluding some items, earnings amounted to $1.85 a share in the fourth quarter, which ended Feb. 27, the company said in a statement Wednesday. Analysts had predicted $1.81 on average. Sales rose to $3.42 billion, topping the $3.38 billion estimate.