Bed Bath & Beyond Beats Estimate
Bed Bath & Beyond Inc. (BBBY) reported better-than-expected fourth-quarter 2010 results on the heels of double-digit growth in sales and higher margins. Earnings rose 30.2% to $1.12 per share from the year-ago quarter earnings of 86 cents a share, handily surpassing its earnings guidance range of 91 cents to 95 cents per share. Bed Bath & Beyond also outpaced the Zacks Consensus Estimate of 97 cents a share. The company has reported eight consecutive quarters of improving trends.
Full earnings call transcript
For full fiscal 2010, earnings rose 33.5% to $3.07 per share from the prior fiscal earnings of $2.30 a share, easily outshining its earnings guidance range of $2.86 to $2.90 per share. Bed Bath & Beyond also outpaced the Zacks Consensus Estimate of $2.92 a share.
Bed Bath & Beyond's top line jumped 11.6% to $2,505.0 million from $2,244.0 million in the year-ago quarter. The companyComplete Story »