Home / Knowledge / News / Textiles / Net earnings down to $158.5 m at Bed Bath & Beyond
Net earnings down to $158.5 m at Bed Bath & Beyond
29
Jun '16
Courtesy: Bed Bath & Beyond
Courtesy: Bed Bath & Beyond
Retailing giant Bed Bath & Beyond reported fall of 22.64 per cent in the first quarter of fiscal 2016, ended May 28, to $122.6 million as compared to $158.5 million in the corresponding quarter last fiscal.

The company reported net earnings of $0.80 per diluted share in the quarter as compared to $0.93 per diluted share in the previous quarter.

Net sales for the quarter stood at $2.78 billion, flat to prior year quarter.

Comparable sales in the first quarter of FY16 decreased 0.5 per cent, compared with an increase of approximately 2.2 per cent in the prior fiscal quarter.

The board of directors have declared a quarterly dividend of $0.125 per share to be paid on October 15, 2016. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search