Bed Bath & Beyond Inc. Reports Results For Fiscal 2018 Fourth Quarter And Full Year
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., April 10, 2019 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today reported financial results for the fourth quarter of fiscal 2018 ended March 2, 2019. The Company also provided an update on its comprehensive transformation plan, including short-and-long-term financial targets. In addition, the Board of Directors of the Company provided an update on its Board refreshment and governance review. Fiscal 2018 Fourth Quarter ResultsFor the fiscal 2018 fourth quarter (13 weeks), the Company reported a net loss of ($1.92) per diluted share (($253.8) million), which included a non-cash goodwill and tradename impairments charge, compared with $1.41 per diluted share ($194.0 million) for the fiscal 2017 fourth quarter (14 weeks). Excluding the non-cash impairments charge, the Company reported adjusted net earnings of $1.20 per diluted share ($158.8 million) for the fiscal 2018 fourth quarter. Net sales for the fiscal 2018 fourth quarter were approximately $3.3 billion, a
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