Bed Bath & Beyond Inc. Reports Results For Fiscal 2018 Third Quarter
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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bedbathandbeyond.com
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Source: PR Newswire
UNION, N.J., Jan. 9, 2019 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today reported financial results for the third quarter of fiscal 2018 ended December 1, 2018.Fiscal 2018 Third Quarter ResultsFor the fiscal 2018 third quarter, the Company reported net earnings of $.18 per diluted share ($24.4 million), compared with $.44 per diluted share ($61.3 million) for the fiscal 2017 third quarter. Net sales for the fiscal 2018 third quarter were approximately $3.0 billion, an increase of approximately 2.6% compared to the prior year period. Comparable sales in the fiscal 2018 third quarter declined approximately 1.8%, and included strong sales growth from the Company's customer-facing digital channels, and sales from stores that declined in the mid-single-digit percentage range.Capital AllocationThe Company's Board of Directors today declared a quarterly dividend of $.16 per share payable on April 16, 2019 to shareholders of record at the close of business on March 15, 2019.Dur
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