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Bed Bath & Beyond Q4 EPS $1.84

Staff Writer | April 6, 2017
Bed Bath & Beyond reported financial results for the fourth quarter and full year of fiscal 2016 ended February 25, 2017.
Bed Bath & Beyond
Bed Bath & Beyond   Net sales were approximately $3.5 billion
For the fiscal fourth quarter, the company reported net earnings of $1.84 per diluted share ($268.7 million) compared with $1.91 per diluted share ($303.5 million) for the fiscal 2015 fourth quarter, which included approximately $.06 per diluted share of a net benefit for certain non-recurring items.

Net sales for the fiscal 2016 fourth quarter were approximately $3.5 billion, an increase of approximately 3.4% from net sales of approximately $3.4 billion reported in the fiscal 2015 fourth quarter.

Comparable sales in the fiscal 2016 fourth quarter increased by approximately 0.4%, compared with an increase of approximately 1.7% in last year's fiscal fourth quarter.

Comparable sales from customer-facing digital channels grew in excess of 20% while comparable sales from stores declined in the low single-digit percentage range during the fiscal 2016 fourth quarter.

Fiscal 2016 full year results

For the fiscal full year, the company reported net earnings of $4.58 per diluted share ($685.1 million) compared with $5.10 per diluted share ($841.5 million) in the corresponding period a year ago which included approximately $.06 per diluted share of a net benefit for certain non-recurring items.

Net sales for fiscal 2016 were approximately $12.2 billion, an increase of approximately 0.9% from net sales of approximately $12.1 billion in fiscal 2015.

Comparable sales for the fiscal full year decreased by approximately 0.6% for fiscal 2016 compared with an increase of approximately 1.0% in fiscal 2015.

Comparable sales from customer-facing digital channels grew in excess of 20% while comparable sales from stores declined in the low single-digit percentage range for the fiscal full year.


 

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