|Bid||19.20 x 800|
|Ask||19.21 x 4000|
|Day's range||19.14 - 19.94|
|52-week range||16.52 - 31.15|
|PE ratio (TTM)||6.74|
|Earnings date||25 Sep 2018|
|Forward dividend & yield||0.64 (3.04%)|
|1y target est||17.94|
Soaring trade war tensions between the US and other major economies led to a sell-off in the US market on June 11. On June 10, the Trump Administration threatened to impose new tariffs. Home furnishing companies have a global supply chain.
Bed Bath & Beyond’s (BBBY) stock price fell 45.9% in 2017 and continued its downward momentum in the first half of 2018, falling by 9.4%. Year-to-date, the stock has fallen 3.5% due to lower-than-expected SSSG (same-store sales growth) in the first quarter. As shown in the graph below, the company’s SSSG has been negative for the last five quarters.
The housewares leader appears far from solving its woes. But the warehouse-chain minor was given an optimistic welcome back to the stock market.
In the first quarter, Bed Bath & Beyond (BBBY) posted EPS of $0.32. The severance costs the company incurred in the first quarter lowered its EPS by ~$0.06, while the adoption of a new accounting standard drove the company’s EPS by ~$0.05.
During its first quarter, Bed Bath & Beyond (BBBY) posted a fall in SSSG (same-store sales growth) of 0.6% compared to analysts’ consensus expectation of a rise of 0.1%. The fall in its SSSG was the result of a fall in its number of transactions, which was partially offset by a rise in its average transaction amount. In the graph above, we can see that the company’s SSSG has been negative for the last five quarters.
BBBY’s revenue growth was driven by the addition of new stores and partially offset by a decline in its SSSG (same-store sales growth). In the last four quarters, the company has increased the store count of its buybuy BABY stores by eight units to 121, its World Market stores by three units to 279, its Christmas Tree Shops by three units to 83, and its andThat! stores by two units to 57. The company’s SSSG fell 0.6% during the quarter, with its customer-facing digital channel posting strong SSSG while the SSSG at its stores declined.
Bed Bath & Beyond (BBBY) posted its first-quarter earnings after the market closed on June 27. The company posted adjusted EPS of $0.33 on revenue of $2.75 billion. Year-over-year, the company’s EPS fell 43.1%, while its revenue rose 0.4%.
U.S. stock-market indexes closed higher on Thursday, with broad-based gains led by a rally in financials and technology sectors. The S&P 500 financials sector rose nearly 1% and snapped a 13-day slump, its longest losing streak ever. The Nasdaq Composite Index (^IXIC) added 58.60 points, or 0.8%, to end at 7,503.68.
Bed Bath & Beyond (BBBY) performs impressively in first-quarter fiscal 2018. However, the company's shares decline due to fall in comparable sales, and lower gross and operating margins.
Investors in Bed Bath & Beyond (BBBY) need to pay close attention to the stock based on moves in the options market lately.
Bed Bath & Beyond (BBBY) just released its latest quarterly results, posting earnings of 32 cents per share and revenues of $2.8 billion
Bed Bath & Beyond Inc. is still on the brink as a costly battle to ward off Amazon.com Inc. and other e-commerce sellers isn’t enough to counteract lower in-store sales. The home goods retailer, which has been spending heavily to fight encroaching online competitors, posted an unexpected drop in same-store sales for last quarter. The results follow heavy spending by the retailer to revamp both its brick-and-mortar stores and online presence.
The Union, New Jersey-based company said it had profit of 32 cents per share. The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was ...
General Mills (GIS) is slated to announce its Q4 2018 results on June 27. The company is expected to report a 2.3% YoY increase in revenue to $3.8 billion. Earnings per share are supposed to be in line with Q4 2017’s EPS of $0.73. Bed Bath & Beyond Inc (BBBY) plans to report its first-quarter results on June 27. Its revenue is expected to rise 0.4% to $2.7 billion. Earnings per share are expected to decline 44.8% to $0.32. Walgreens Boots Alliance (WBA) is scheduled to report its Q3 2018 results on June 28 before the market opens. The company is expected to report a 13. ...
It is still a relatively quiet stretch for earnings reports, but the upcoming week should provide a few more reports for these investors to latch on to. Make sure to keep an eye on these companies as they prepare to report during the week of June 25!