Bed Bath & Beyond Beats on Revenue, Matches Expectations on EPS
Bed Bath & Beyond (NAS: BBBY) reported earnings on April 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 2 (Q4), Bed Bath & Beyond beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share increased.
Margins shrank across the board.
Bed Bath & Beyond reported revenue of $3.40 billion. The 24 analysts polled by S&P Capital IQ wanted to see net sales of $3.35 billion on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $2.73 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.68. The 27 earnings estimates compiled by S&P Capital IQ averaged $1.68 per share. GAAP EPS of $1.68 for Q4 were 14% higher than the prior-year quarter's $1.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 41.0%, 160 basis points worse than the prior-year quarter. Operating margin was 17.6%, 260 basis points worse than the prior-year quarter. Net margin was 11.0%, 180 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.59 billion. On the bottom line, the average EPS estimate is $0.94.
Next year's average estimate for revenue is $11.68 billion. The average EPS estimate is $5.02.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bed Bath & Beyond is outperform, with an average price target of $69.13.
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The article Bed Bath & Beyond Beats on Revenue, Matches Expectations on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Bed Bath & Beyond. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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