Bed Bath & Beyond (BBBY) reported earnings on Wed 9 Jan 2019 (a/h)

** charts after earnings **

 

Bed Bath & Beyond beats by $0.01, reports revs in-line; comps -1.8%; reaffirms FY18 EPS guidance; guides FY19 EPS above consensus 

• Reports Q3 (Nov) earnings of $0.18 per share, $0.01 better than the S&P Capital IQ Consensus of $0.17; revenues rose 2.6% year/year to $3.03 bln vs the $3.04 bln S&P Capital IQ Consensus.
  • Same store comps were -1.8%; includes strong sales growth from customer-facing digital channels, and sales from stores that declined in the mid-single-digit percentage range.
• Co reaffirms guidance for FY18, sees EPS of approx $2.00 vs. $2.00 S&P Capital IQ Consensus.
• Co issues upside guidance for FY19, sees EPS roughly same as FY18, so if approx $2.00, that would be well ahead of the $1.59 S&P Capital IQ Consensus.
• Co says it's ahead of plan with respect to its longer-term financial goals to moderate the declines in its operating profit and EPS, this year and next, and grow EPS by 2020.