Bed Bath & Beyond Inc. Reports Results for Fiscal First Quarter
/PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today reported net earnings of $.72 per diluted share ($180.6 million) in the fiscal first quarter ended May 28, 2011, an increase of approximately 38% versus net earnings of $.52 per diluted share ($137.6 million) in the same quarter a year ago. Net sales for the fiscal first quarter of 2011 were approximately $2.110 billion, an increase of approximately 9.7% from net sales of approximately $1.923 billion reported in the fiscal first quarter of 2010. Comparable store sales in the fiscal first quarter of 2011 increased by approximately 7.0%, compared with an increase of approximately 8.4% in last year's fiscal first quarter.During the fiscal first quarter of 2011, the Company repurchased approximately $245 million of its common stock representing approximately 4.8 million shares. This included the completion of the $1 billion share repurchase program authorized in 2007. As of May 28, 2011, the balance remaining of the share repurchase program authorized in December 2010 was approximately $1.892 billion dollars.
The Company is now modeling net earnings per diluted share to be approximately $.77 to $.82 for the fiscal second quarter of 2011 and to increase by approximately 15% to 20% for all of fiscal 2011.
As of May 28, 2011, the Company had a total of 1,142 stores, including 984 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico and Canada, 66 Christmas Tree Shops stores, 47 buybuy BABY stores and 45 stores under the names of Harmon or Harmon Face Values . During the fiscal first quarter, the Company opened three Bed Bath & Beyond stores and two buybuy BABY stores and closed one Bed Bath & Beyond store and one Harmon store. Consolidated store space as of May 28, 2011 was approximately 35.2 million square feet. Since the beginning of the second quarter of fiscal 2011 on May 29, 2011, one additional Bed Bath & Beyond store, one Christmas Tree Shops store and five buybuy BABY stores have been opened. In addition, the Company is a partner in a joint venture which operates two stores in the Mexico City market under the name " Home & More ."
Bed Bath & Beyond Inc.
Bad Bath Beyond - News
As of May 28, 2011, the Company had a total of 1142 stores, including 984 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico and Canada, 66 Christmas Tree Shops stores, 47 buybuy BABY stores and 45 stores under the names
When customers ask for it at the West Lafayette Amused store, they're referred to try the nearest Bed, Bath and Beyond. The drug being marketed under the name “bath salts” is anything but the traditional meaning of the phrase. When this typically white
New York, June 21st () - Shares of Bed Bath & Beyond, Inc. (NASDAQ:BBBY) are trading higher by +2.85% ahead of its quarterly earnings release. Bed Bath & Beyond, the home furnishings retailer is expected to release its quarterly
Answer: Bed Bath & Beyond carries an odor-neutralizing product line called Fresh Wave. The products are made of natural ingredients like lime, pine needles, aniseed, clove, cedar wood and water for safe, nontoxic odor elimination.
Good news came in from across the market, including Federal Express (NYSE: FDX), Discover (NYSE: DFS), Jabil Circuit (NYSE: JBL) and Bed, Bath and Beyond (NYSE: BBBY), among others. Earnings reports don't exist in a vacuum, of course, and a handful of
Bed Bath and Beyond Credit Card Review: Should You Apply?
Last week when I was buying a new coffeemaker the cashier asked “Would you like a Bed, Bath and Beyond credit card application? It gives great rewards!” This surprised me, because I wasn’t even aware they had their own credit card!
Personally, I rarely shop at this store so I knew right off the bat this card is not for me. But would it be a good choice for you? Let’s take a look at its pros and cons.
The basicsIssuer: U.S. Bank Annual Fee: none
Most store cards are not issued by major banks, so it’s nice to see one that is. Although I don’t personally use them, U.S. Bank is one of the few big ones I rarely hear negative reviews for.
Earning rewards5 points per dollar – Bed Bath & Beyond, Christmas Tree Shops, Harmon, Harmon Face Values, buybuy BABY. Obviously I know what Bed Bath and Beyond Stores are and I’ve been to a Christmas Trees Shop location in Ohio (the place has GREAT deals) but I’m not too familiar with the other stores listed so I looked them up…
Harmon: Stores in New Jersey, Florida, Connecticut, and New York. It appears to be all health and beauty products.
1 point per dollar – anywhere MasterCard is accepted.
There is no cap on the number of points that can be earned.
Spending rewardsEvery 1,000 points scores you a $10 reward card that can be used at any of the aforementioned stores. That means every 1 point = 1 cent, so you are earning 5% at those stores and 1% elsewhere.
The points are good for 5 years from the date you earn them, assuming your Bed, Bath & Beyond MasterCard is open. If it’s closed, the points are forfeited.
Interest RateObviously these things change all the time but as a I write this it ranges from 13.99% to 22.99%, depending on your credit. The rate for balance transfers is the same.
The APRs appear average but something worth pointing out is that the minimum interest charge is $2.00 which means carrying a small balance may cost you more (click on that last link for an explanation of why).
Verdict?As I mentioned at the beginning this credit card is not for people like me but if you’re someone who shops frequently (and spends a lot) at these stores, I can see why it might be appealing.
One way to look at it is that every $1,000 spent at these stores = $50 in rewards. If you spend only a few hundred a year it probably isn’t worth the hassle, but if you’re someone spending 2k, 3k, or more annually then the Bed, Bath and Beyond MasterCard offers you rewards that are worth considering. Unfortunately the application wasn’t available online but you can apply in-store.
There not enough helping .too bad cause David Cook music Rocks bed bath and beyond!!!
"Yeah, I'm excited to go to Bed Bath & Beyond. ...Is that bad? Yeah, that's bad."
I saw those bad boys at Bed, Bath & Beyond.
Who they arrest? Bed Bad Beyond clerks?! Lol RT : Feds Arrest Ten in First-Ever 'Bath Salts' Bust 
Some bad ones work at bed bath and beyond !!!Bad Bath Beyond - Bookshelf
The Value line investment survey
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Bed Bath & Beyond
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