Bed Bath & Beyond reports surprise drop in quarterly same-store sales [Reuters]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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Source: Reuters
Bed Bath & Beyond reports surprise drop in quarterly same-store sales | Reuters Reuters Staff 1 Min Read June 27 (Reuters) - Bed Bath & Beyond reported a surprise drop in same-store sales for the first quarter on Wednesday, as the home furnishings retailer faces intense competition from online and off-price retailers. The company reported a 0.6 percent drop in same-store sales, while analysts were expecting a rise of 0.06 percent, according to Thomson Reuters I/B/E/S. Net income fell to $43.58 million, or 32 cents per share, in the quarter ended June 2, from $75.28 million, or 53 cents per share, a year earlier. Reporting by Jaslein Mahil and Vibhuti Sharma in Bengaluru All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved.
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