Bed Bath & Beyond Q2 net earnings $48.6 millionStaff Writer | September 27, 2018
Bed Bath & Beyond reported financial results for the second quarter of fiscal 2018 ended September 1, 2018.
Bed Bath & Beyond Comparable sales in the fiscal 2018 second quarter decreased
Comparable sales in the fiscal 2018 second quarter decreased by approximately 0.6%, and included strong sales growth from the company's customer-facing digital channels, and sales from stores that declined in the mid-single-digit percentage range.
Bed Bath & Beyond board of directors declared a quarterly dividend of $.16 per share payable on January 15, 2019 to shareholders of record at the close of business on December 14, 2018.
During the fiscal 2018 second quarter, Bed Bath & Beyond repurchased approximately $41 million of its common stock, representing approximately 2.1 million shares, under its existing $2.5 billion share repurchase program. As of September 1, 2018, the program had a remaining balance of approximately $1.4 billion.
Bed Bath & Beyond ended the fiscal 2018 second quarter with approximately $1.1 billion in cash and investment balances, an increase of approximately $532 million, compared with approximately $563 million at the end of the fiscal 2017 second quarter. ■