BedBathAndBeyond posts
FeedPosted Apr 8th 2010 8:50AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Wal-Mart (WMT), Target Corp. (TGT), Bed Bath and Beyond (BBBY)
Bed Bath & Beyond (BBBY), whose colleagues include Target (TGT) and Wal-Mart (WMT), reported another good quarter Wednesday after the market closed up shop. In fact, during the after-hours session, the stock went past the 52-week high of $45.14, an indicator that shareholders may have more gains to look forward to.
According to the press release, net income increased over 50% to 86 cents per diluted share in the fourth quarter. According to our earnings preview, the call was for 73 cents per diluted share.
Continue reading Bed Bath & Beyond Does It Again
Posted Mar 22nd 2010 1:50PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Bed Bath and Beyond (BBBY)
Williams-Sonoma (WSM), a retailer of high-end merchandise whose concepts include Pottery Barn and West Elm, reported results for the fourth quarter earlier today. If you were trading this name ahead of the numbers, you made out, because the market gave this stock a nice bid on the news.
On an adjusted basis, net income came in at 86 cents per share; the company made 31 cents per share in the comparable period on the same basis. According to our preview, the bottom line beat estimates by twelve pennies. Total sales revenue increased 8%. Same-store sales jumped a very attractive 7.6%; the metric was down double-digits last time around.
Continue reading Williams-Sonoma Popular with Investors After Q4 Report
Posted Jun 25th 2009 5:50PM by Beth Gaston Moon (RSS feed)
Filed under: Earnings Reports, Bed Bath and Beyond (BBBY)

Leading domestics retailer
Bed Bath & Beyond Inc. (NASDAQ:
BBBY) closed more than 9% higher today after the one-two punch of a well-received earnings report and a brokerage upgrade. The company announced first-quarter results of 34 cents per share, a whopping nine cents better than analysts were expecting. Revenue edged 2.8% higher year over year. The one gray lining was same-store sales numbers, which drifted 1.6% lower during the reporting period.
Reacting to this after-the-close earnings report, Cowen & Co. upgraded the shares this morning to "neutral" from "underperform." The brokerage noted that BBBY has been able to cut advertising expenses now that its chief competitor, LInens n' Things, has filed for bankruptcy. Cowen also notes that BBBY has reduced its payroll expenses.
Continue reading Bed Bath & Beyond on the move after earnings
Posted Apr 9th 2009 5:00PM by Michael Fowlkes (RSS feed)
Filed under: Major Movement, International Markets, Earnings Reports, Good news, Consumer Experience, Middle East, Market Matters, Bed Bath and Beyond (BBBY), Economic Data, Wells Fargo (WFC), Oil, Recession, Financial Crisis

As investors start to believe that the worst of the current recession is already behind us, they are turning their attention to oil, and today have
pushed the precious crude over the psychological $50 mark.
Oil is moving higher today with the overall markets, as Wall Street has been seeing hints that things are starting to turn around. Part of the reason for the optimism has come in the form of strong earnings this week from
Ruby Tuesday (NYSE:
RT) and
Bed Bath & Beyond (NASDAQ:
BBBY). If restaurants and retailers are seeing things start to rebound, its a good sign for the overall economy, and a sign that people are out there driving their cars around, which helps boost oil prices.
Continue reading Oil jumps over 5% as traders take a positive stance on the economy
Posted Apr 8th 2009 9:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Wal-Mart (WMT), Target Corp. (TGT), Bed Bath and Beyond (BBBY), Abercrombie and Fitch (ANF)
Bed Bath & Beyond (NASDAQ: BBBY) reported earnings for the fourth quarter on Tuesday after the market closed its doors. In the after-hours session, the retailer's stock rallied mightily, rising over $3.50, or better than 14%. Let me tell you, that was impressive. As was the beat on the bottom line.
As I wrote in my preview piece, the market was looking for 44 cents per share. Bed Bath & Beyond did its job and delivered 55 cents per share. Net sales decreased by less than 1%. Granted, no one likes to see the top line contract even a little, but considering how bad retail has been, I actually find this to be a small victory. Unfortunately, the same-store sales weren't good. They dropped over 4%. Also, operating profit and cash from operations saw a decline.
Continue reading Bed Bath & Beyond goes beyond the call of duty in Q4
Posted Apr 6th 2009 3:40PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Forecasts, Bed Bath and Beyond (BBBY)
Bed Bath & Beyond (NASDAQ:
BBBY), whose colleagues include
Wal-Mart (NYSE:
WMT) and
Target (NYSE:
TGT), will be reporting earnings for the fourth quarter on Tuesday, April 7. Now, the market isn't expecting any earnings growth. In fact, according to this
source, the decline could be as severe as 33% if the retailer matches expectations and delivers $0.44 per share.
The good news, though, is that Bed Bath & Beyond actually has a decent history in terms of beating Wall Street expectations. If that holds, then investors might be pleasantly surprised when Q4 numbers are issued. When I wrote about the retailer's last earnings release, I was pretty bearish. And I was very wrong. I questioned why the stock should be purchased. Well, the stock has been doing well as of late, and is up on the year-to-date frame as of this writing. A commenter named Rich set me straight and rightfully proposed that the liquidation of a competitor might have temporarily dampened things; once the competitor was gone, he said, Bed Bath & Beyond might prosper.
Continue reading Earnings preview: Will Bed Bath & Beyond beat this week?
Posted Mar 25th 2009 8:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Home Depot (HD), Bed Bath and Beyond (BBBY), Lowe's Cos (LOW)
Home-products retailer Williams-Sonoma (NYSE: WSM), which runs such retail brands as Pottery Barn and West Elm in addition to its namesake chain, issued Q4 numbers on Tuesday. Well, they weren't spectacular. Surprised? No, I'm sure you weren't. I mean, when you sell stuff for homes, you've got to expect that you're going to see some weakness. And there's plenty of it here.
Revenues decreased almost 27% during the quarter, and earnings per share on an adjusted basis dropped over 70% to 31 cents. That beat estimates of 16 cents per share, according to Reuters' analysts, but forgive me if I don't jump up and down over that performance. And what about same-store sales? They were mighty bad. On an overall basis, they went down by over 22%.
Continue reading Williams-Sonoma beats expectations; its stock is strong but expensive
Posted Jan 8th 2009 3:00PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Wal-Mart (WMT), Bed Bath and Beyond (BBBY)
Bed Bath & Beyond (NASDAQ:
BBBY) reported earnings for the third fiscal quarter on Wednesday after the bell, and I have to admit, I'm puzzled that, at the time of this writing, the stock is seeing a bid. It currently is trading up almost 3% on decent volume.
Here's why I'm puzzled. According to Melly Alazraki's summary, earnings per share declined 36% to $0.34 per share. That was a penny below what analysts were looking for. Okay, maybe the buying is due to the fact that the company only missed by a penny? After all, I myself was expecting much worse, and maybe the market was, too. But then I go to the press release and see that top-line sales were flat and same-store sells fell by 5.6%. Those comps are just terrible. And the cash-flow statement was nothing to write home about, either. You'd have to be pretty damn optimistic to buy Bed Bath & Beyond with the market indexes in the red and with all the miserable economic data that's out there haunting the halls of Wall Street, Main Street, and every other Street you can think of. Plus, with not-so-great news out from Wal-Mart (NYSE: WMT), I really have to wonder why anyone is stepping up today to purchase BBBY. (Michael Fowlkes does offer a different perspective in his earnings preview, so you may want to check that out.)
Maybe everyone else is right while I am wrong. Who knows. But the stock doesn't pay a dividend, the dire predictions on Christmas sales are coming true, and the Santa rally may officially be over. I don't know, I'd tend to be more bearish on this retailer's earnings data than bullish. It's possible some shorts are cashing out on the news, I suppose. One thing's for certain: I won't be getting into bed with this stock (and, yes, that was an awful pun).
Disclosure: I don't own any stock mentioned, but positions can change without notice.
Posted Jan 6th 2009 6:40PM by Michael Fowlkes (RSS feed)
Filed under: Earnings Reports, Analyst Upgrades and Downgrades, Forecasts, Products and Services, Bed Bath and Beyond (BBBY)

Investors are going to keep a close eye on
Bed Bath and Beyond (NASDAQ:
BBBY) Wednesday afternoon when the company reports its fiscal third quarter numbers.
Going into tomorrow's earnings announcement, analysts are expecting the company to post third quarter earnings of 33 cents per share. During its third quarter last year the company matched analyst estimates for 52 cents per share, so hitting its 33 cent estimate this year would mean a drop of 36% year over year.
Last month, the company pre-announced its quarterly numbers and stated that it expected earnings would fall somewhere between
31 and 35 cents a share. This estimate was down from the company's previous guidance of 41 to 47 cents per share.
Of course, one of the main reasons for the company's lower guidance was overall weakness in the economy, but it also faced increased competition from the liquidation sale at its main rival, Linens 'n Things. As Linens 'n Things was preparing to close its doors, its inventory was put on massive discount, and Bed Bath and Beyond was hurt by consumers flocking to buy the highly discounted prices over at Linens 'n Things. I, personally, did a lot of holiday shopping at Linens 'n Things, as did many people that I know.
Continue reading Bed Bath and Beyond (BBBY) Q3 earnings preview
Posted Jun 26th 2008 12:58PM by Brent Archer (RSS feed)
Filed under: Major Movement, Earnings Reports, Good news, Bed Bath and Beyond (BBBY), Options, Technical Analysis
Bed, Bath, & Beyond (NASDAQ:
BBBY) shares are trading higher today after
the company posted a first-quarter profit of $76.8 million, or 30 cents per share, beating analysts' estimates of 27 cents per share. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on BBBY.
After hitting a one-year high of $37.61 last June, the stock hit a one-year low of $24.49 in January. BBBY opened this morning at $29.98. So far today the stock has hit a low of $29.72 and a high of $30.54. As of 12:05, BBBY is trading at $30.28, up $1.70 (6.0%). The chart for BBBY looks bearish and steady, while
S&P gives the stock a neutral 3 STARS (out of 5) hold rating.
For a bullish hedged play on this stock, I would consider an August bull-put credit spread below the $25 range. A bull-put credit spread is an options position that combines the purchase and sale of put options to hedge risk in case the stock doesn't do what you think but still leverage nice returns. For this particular trade, we will make a 4.2% return in just seven weeks as long as BBBY is above $25 at August expiration. Bed, Bath & Beyond would have to fall by more than 17% before we would start to lose money. Learn more about this type of trade here.
Continue reading Bed, Bath & Beyond (BBBY) rises as Q1 earnings beat estimates
Posted Jun 26th 2008 10:35AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Wal-Mart (WMT), Home Depot (HD), Target Corp. (TGT), Bed Bath and Beyond (BBBY), Lowe's Cos (LOW)
Bed Bath & Beyond (NASDAQ: BBBY) reported Q1 earnings on Wednesday, and Trey Thoelcke highlighted the numbers in this earnings-recap piece. Shares rose substantially in the after-hours trading session yesterday, jumping over 8%, and as I reviewed various earnings reports last night, I found myself drawn to the retailer's stock performance. I haven't been a huge fan of Bed Bath & Beyond as of late, so I figured I should take a look at the earnings release to see if there's anything here that would change my opinion.
Unfortunately, there isn't. Sales may have grown 6%, and expectations may have been beaten by $0.03, but net income still dropped over 20% to $0.30 per diluted share. Cash flow from operations declined 44% to $65.8 million. And same-store sales were very anemic, rising only 0.8%.
I choose, in this case, to focus on those figures. I also consider the fact that Bed Bath & Beyond does not pay a dividend, and that we are in an awful economic environment, both from a consumer and stock-market standpoint. This is not the stock I'd want to face the recession with, and I don't necessarily find it to be a big value right now. When it comes to retail, I am more likely to look at Wal-Mart (NYSE: WMT) and Target (NYSE: TGT). I'd even consider a Home Depot (NYSE: HD) or a Lowe's (NYSE: LOW). All of these stocks pay dividends and have better brand equities and more attractive prospects. Bed Bath & Beyond certainly didn't deliver an earnings bomb, but I'm still not inclined to put money here.
Disclosure: I don't own any company mentioned; positions can change at any time.
Posted Apr 4th 2008 5:25PM by Eric Buscemi (RSS feed)
Filed under: Earnings Reports, Conventions and Conferences, Annual Meetings, Wal-Mart (WMT), Target Corp. (TGT), Alcoa Inc (AA), Bed Bath and Beyond (BBBY), Bristol-Myers Squibb (BMY), Gap Inc (GPS), Kohl's Corp (KSS), Abercrombie and Fitch (ANF), Genentech Inc (DNA)
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Monday, April 7
- PDUFA date for Bristol-Myers Squibb Co. (NYSE: BMY)'s supplemental Biologics License Application for Orencia for the treatment of Juvenile Rheumatoid Arthritis.
- Alcoa Inc. (NYSE: AA) to report Q1 earnings; conference call at 5pm.
Tuesday, April 8
- Chattem Inc. (NASDAQ: CHTT) to report Q1 earnings; conference call at 9:00am.
- FOMC to release minutes of the March 18th meeting at 2:00pm.
- Embraer-Empr Bras Aeronautica (ADR) (NYSE: ERJ) conference call to announce new midsize & midlight executive jet concepts at 6:00pm.
Continue reading Market highlights for next week: Alcoa to report earnings
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