Bed Bath & Beyond Profit Slips in 3Q
10 January 2019 - 9:25AM
Dow Jones News
By Micah Maidenberg
Bed Bath & Beyond Inc.'s (BBBY) profit fell in its fiscal
third quarter, as expenses--for everything from interest payments
to management costs--increased.
The retailer reported earnings of $24.4 million, or 18 cents a
share, in the quarter ended Dec. 1, compared with $61.3 million, or
44 cents a share, in the comparable quarter a year earlier. The
most recent performance was in line with the 18 cents a share
analysts polled by FactSet expected.
Sales increased 2.6% to $3.03 billion. Analysts predicted $3.05
billion, according to FactSet. Comparable-store sales fell
1.8%.
The company's cost of sales rose 6% from a year earlier to $2.03
billion, and selling, general and administrative costs were up
2%.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
January 09, 2019 17:10 ET (22:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Bed Bath and Beyond (NASDAQ:BBBY)
Historical Stock Chart
From Apr 2024 to May 2024
Bed Bath and Beyond (NASDAQ:BBBY)
Historical Stock Chart
From May 2023 to May 2024