Bed Bath & Beyond beats estimates as profit rises 14%

Union, N.J. Bed Bath & Beyond said Wednesday its second-quarter profit rose 14% as sales inched up and it kept costs steady.

The housewares retailer earned $135.5 million in the three months that ended Aug. 29, compared with $119.3 million a year earlier. Its profit surpassed analysts’ expectations.

Same-store sales fell 0.6% during the quarter. Revenue rose 3% to $1.91 billion.