Bed Bath & Beyond beats Street even as Q3 profit drops

Union, N.J. – Bed Bath & Beyond Inc. beat Wall Street expectations for its third quarter net earnings even as they declined from the same quarter in fiscal 2013. Net earnings equaled $225.4 million, a 5% decline from $237.2 million.



An increase in selling, general and administrative (SG&A) expenses was a major factor in the net earnings drop. Net sales rose 3% to $2.94 million, from $2.86 million. Same-store sales rose 1.7%.