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Bed Bath & Beyond Inc. : Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan

Bed Bath & Beyond Inc. : Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan
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Bed Bath & Beyond Inc. Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan

Bed Bath & Beyond Inc. Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan
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Bed Bath & Beyond Affirms FY21 Guidance; Issues Q1 Outlook

Bed Bath & Beyond Affirms FY21 Guidance; Issues Q1 Outlook
UNION (dpa-AFX) - Bed Bath & Beyond Inc. (BBBY) reaffirmed its previously issued fiscal 2021 net sales and adjusted EBITDA outlook of between $8.0 - $8.2 billion and between $500 - $525 million, respectively. The company also announced an increase in its 3-year share repurchase program to $1 billion from $825 million.
Directionally, the company expects first quarter net sales, on a reported basis, to increase by over 40%. The company expects to deliver between $80 and $90 million in adjusted EBITDA.
Fourth quarter adjusted earnings per share was $0.40 compared to $0.38, prior year. Adjusted EBITDA rose 13% to $168 million. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.31, for the quarter. Analysts estimates typically exclude special items. GAAP net income was $9 million or $0.08 per share, for the quarter. ....

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Bed Bath & Beyond Inc. Reports Fiscal 2020 Fourth Quarter & Full Year Results

Bed Bath & Beyond Inc. Reports Fiscal 2020 Fourth Quarter & Full Year Results
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