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Net sales rise 0.3% in Q3 FY15 at Bed Bath & Beyond
11
Jan '16
Bed Bath & Beyond Inc, a US based home furnishing retailer, reported a rise of around 0.3 per cent in its net sales in the third quarter of fiscal 2015, ending on November 28, to approximately $2.952 billion as compared to the net sales of around $2.943 billion in the third quarter of fiscal 2014, according to a press statement released by the retailer.

On a non-GAAP basis, net sales rose by approximately 0.7 per cent in the third quarter of fiscal 2015. Comparable sales for the third quarter of fiscal 2015 decreased by approximately 0.4 per cent as compared to a rise of 1.7 per cent in the third quarter of fiscal 2014.

The retailer reported a fall of 11.4 per cent in its net earnings per diluted share to $1.09 for the third quarter of fiscal 2015 as compared to $1.23 in the third quarter of fiscal 2014.

In the company's outlook for the fourth quarter of fiscal 2015, net earnings per diluted share are expected to be approximately between $1.72 and $1.86 and comparable sales are expected to see an increase of approximately 2 per cent.

For the full fiscal 2015, net earnings per diluted share are expected to be approximately between $4.91 and $5.05 and comparable sales are expected to be between 0.6 per cent and 1.1 per cent. (MCJ)

Fibre2Fashion News Desk - India

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