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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)

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