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Bed Bath & Beyond Q2 profit misses Street
Union, N.J. -- Bed Bath & Beyond Inc. reported Thursday that net income for the quarter ended Aug. 25 dipped 2.2% to $224.3 million, from $229.4 million in the same period last year. Results, negatively impacted by aggressive coupon discounting, trailed Wall Street’s expectations.
Sales increased 12.1% to $2.593 billion, and same-store sales climbed 3.5%, compared with an increase of 5.6% last year.
The retailer acquired Cost Plus in July for $495 million, adding 259 stores and a new e-commerce platform. -
Just Born introduces new Peeps, Mike and Ike treats for Halloween
BETHLEHEM, Pa. — Just Born has introduced new Halloween-themed candies under its Peeps and Mike and Ike brands.
New Peeps snack size mini marshmallow chicks are 34 individually wrapped treats adorned in orange, green and purple. The new Mike and Ike Mummy's Mix limited-edition flavor mix, packaged in a 5-oz. theater box, includes lemon, orange, grape, lime and raspberry flavors. What's more, the new Mike and Ike variety bag features Mike and Ike original fruits, RedRageous! and Zours flavors, and is available in both 40-count and 63-count sizes.