Home / Knowledge / News / Textiles / Bed Bath & Beyond posts near stable net earnings in Q2FY15
Bed Bath & Beyond posts near stable net earnings in Q2FY15
Sep '14
US home furnishings retailer - Bed Bath & Beyond Inc. reported near stable net earnings, while sales rose 4.3% year-on-year in the second fiscal quarter ending August 30, 2014.

The retailer clocked net earnings of $1.17 per diluted share or $224.0 million in the second quarter of 2014, compared with $1.16 per diluted share or $249.3 million in the second quarter of 2013.

Net sales for the quarter under review totalled $2.945 billion, up 4.3% from $2.824 billion, it reported in the second quarter of 2013. Comparable sales rose 3.4% from the prior year quarter.

During the second quarter of 2014, the company repurchased approximately $1.0 billion of its common stock, representing approximately 16.9 million shares.

As of August 30, 2014, the remaining balance of the new $2.0 billion share repurchase program authorized in July 2014 was approximately $1.8 billion.

In its outlook for the third fiscal quarter of 2014, Bed Bath & Beyond expects net earnings per diluted share to be approximately $1.17 to $1.21.

It also forecast net earnings per diluted share to be between $1.78 to $1.83 for the fourth fiscal quarter of 2014, and approximately $5.00 to $5.08 for the fiscal full year.

The retailer clarified that the timing and amount of its share repurchases impacts the quarterly and full year diluted weighted average shares. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search