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Bed Bath & Beyond, Inc.

  • Best Buy Dec. comp doesn't damper CES mood

    LAS VEGAS - Reporting from the Consumer Electronics Show, Best Buy said that revenue for the fiscal month of December ended Jan. 1, decreased 1.6% to $8.4 billion. The revenue decline for the five-week period, as compared with $8.5 billion in revenue for the five-week period ended Jan. 2, 2010, was due primarily to a comparable-store sales decline of 4% partially offset by the addition of new stores in the past 12 months and the favorable impact of fluctuations in foreign currency exchange rates.

  • Bed Bath & Beyond expectations in third quarter

    Less than desirable economic conditions don’t seem to faze Bed Bath & Beyond, which again this week reported another quarter of strong financial results. The company said its earnings per share for the third-quarter period ended Nov. 27 increased 28% to 74 cents, handily exceeding analysts’ consensus estimate of 66 cents. Sales increased roughly 11% to $2.2 billion and same store sales advanced 7% on top of a prior-year comp increase of 7.3%.

  • Bed Bath & Beyond Q3 profit climbs 28%, beats Street

    Union, N.J. -- Bed Bath & Beyond said Wednesday that profit for the quarter ended Nov. 27 rose 28% to $188.6 million, compared with $151.3 million in the year-ago period.

    Results topped analyst expectations.

    Revenue rose 11% to $2.2 billion, edging Wall Street expectations of $2.11 billion in revenue. Same-store sales increased 7%.

  • Gift cards for all this Christmas

    The age old question of what to get the person who has everything has finally been answered, and a Walmart gift card appears to be the ultimate solution for the perplexed gift-giver. That’s according to the gift card exchange website www.giftcardrescue.com and survey involving 6,000 people who created gift card wish lists on its site since the beginning of the year.

  • Cost Plus testing things out at Bed Bath & Beyond

    OAKLAND, Calif. - Cost Plus confirmed that it is conducting a merchandising test with Bed Bath & Beyond involving its consumables products in three Bed Bath & Beyond stores located in San Diego, California; Totowa, New Jersey and Elmsford, New York. 

    For the third quarter the company reported a same-store sales increased 8.8%. Net loss for the quarter was $8.3 million, a $13.7 million improvement.

  • Bed Bath & Beyond to open at Shops at Tevis

    Winchester, Va. -- Bethesda, Md.-based Sax Realty said that Bed Bath & Beyond has leased 27,000 sq. ft. of space at Shops at Tevis in Winchester, Va.

    Bed Bath & Beyond, which is slated to open in spring 2011, joins Borders Books, Hhgregg, Old Navy, Ross and Michael’s at the center.

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