Bed Bath & Beyond (BBBY) Reports In-Line Q1 EPS, Comps Decline 0.6%

Bed Bath & Beyond (NASDAQ: BBBY) reported Q1 EPS of $0.32, in-line with the analyst estimate of $0.32. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.75 billion.

Comparable Sales Declined Approximately 0.6%

Fiscal 2018

During the conference call with analysts and investors, the Company plans to review its quarterly results and its financial planning assumptions for fiscal 2018.

The Company's planning assumptions reflect actual results through the fiscal first quarter and the current trends the Company has been experiencing. Based on its planning assumptions, the Company continues to model net earnings per diluted share for the full year to be in the low-to-mid $2.00 range.

The Company remains on track with its three-year financial goals that comprise its vision for 2020 which include: to achieve comparable sales growth beginning in fiscal 2018; to achieve moderating declines in operating profit and net earnings per diluted share in fiscal 2018 and fiscal 2019; and to achieve growth in net earnings per diluted share by fiscal 2020.

For earnings history and earnings-related data on Bed Bath & Beyond (BBBY) click here.

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