Home / Knowledge / News / Textiles / Bed Bath & Beyond reports flat revenue growth in Q2FY17
Bed Bath & Beyond reports flat revenue growth in Q2FY17
23
Sep '16
Courtesy:  Bed Bath & Beyond
Courtesy: Bed Bath & Beyond
Home textiles retailer Bed Bath & Beyond reported flat growth in revenues for the three months ended August 31, 2016. Net sales were around $2.988, as against $2.995 billion in the fiscal ago quarter. However, comparable sales decreased higher by 1.2 per cent compared with an increase of 0.7 per cent in the previous fiscal's same quarter.

In the reporting quarter, the company posted net income at $167.3 million or $1.11 per diluted share vis-à-vis $201.7 million or $1.21 per diluted share in second quarter of fiscal 2016.

For full fiscal 2017, Bed Bath & Beyond maintained its net earnings per diluted share guidance to be within the $4.50 to $5.00 range.

During the quarter under review, the retailer repurchased around $121 million of its common stock, representing approximately 2.7 million shares, under its existing $2.5 billion share repurchase program. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 24th Sep 2016

GST Council sets exemption limit at Rs 20 lakh

The GST Council has decided to exempt businesses from the Goods and...

Apparel/Garments | On 24th Sep 2016

DGFT adds new service providers in EPCG scheme

Providing great relief to the job working units in garment clusters...

Apparel/Garments | On 24th Sep 2016

Niti Aayog kicks off Indian ecommerce policy review

A Niti Aayog committee set up for the purpose, held deliberations...

Interviews View All

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search