Home / Knowledge / News / Textiles / Net sales up 2.54% in FY15 at Bed Bath & Beyond
Net sales up 2.54% in FY15 at Bed Bath & Beyond
08
Apr '16
Bed Bath & Beyond, a US based home textiles and furnishings retailer, has reported a rise of 2.54 per cent to $12.1 billion in its net sales for fiscal 2015, ending on February 27, 2016 as compared to $11.8 billion in the previous fiscal, according to a press statement released by the retailer.

Net earnings reported by the retailer for fiscal 2015 stood at $841.48 million as compared to $957.47 million in fiscal 2014, ending on February 28, 2015, a fall of 12.11 per cent. Diluted earnings per share in FY15, however, stood at $5.10 as compared to $5.07 in the prior fiscal.

Commenting on the results, Steven Temares, CEO and member of the board of directors of Bed Bath & Beyond said, “Our fiscal 2015 financial performance reflects the benefit of the significant investments in our business, steady progress on our strategic initiatives and the return of more than $1.1 billion to our shareholders through share repurchase.”

During the fourth quarter of fiscal 2015, the retailer repurchased approximately $327 million of its common stock, representing approximately 7.0 million shares. The company completed its $2 billion share repurchase program and began repurchasing shares under its new $2.5 billion authorisation during the quarter.

In recognition of the retailer's strong cash flow generation and confidence in the business as well as to provide a more balanced approach to the returning value to shareholders, the board of directors authorised a quarterly dividend programme and declared an initial quarterly dividend of $.125 per share. (MCJ)

Fibre2Fashion News Desk

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Paolo Ocleppo
Sandvik Hyperion

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

Eric Scholler
Groz-Beckert

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Igor Chapurin
Chapurin

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

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

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