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

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search