Bed, Bath & Beyond profit slips but beats view

Union, N.J. Bed Bath & Beyond reported a quarterly profit on Tuesday that easily topped Wall Street estimates, as sales were not as bad as feared.

Net income for the fourth quarter ended on Feb. 28 fell to $141.4 million, from $172.9 million a year earlier.

Same-store sales slipped 0.5% to $1.923 billion. A company executive said on a conference call that the 4.3% drop was at the better end of the expected range.