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Q4FY17 net earnings slip at Bed Bath & Beyond
14 Apr '17
1 min read
For the quarter ended February 25, 2017, net earnings at home textiles retailer Bed Bath & Beyond slipped to $1.84 per diluted share or $268.7 million as against $1.91 per diluted share or $303.5 million in the prior fiscal's fourth quarter. The fourth quarter of fiscal 2016 included around $.06 per diluted share net benefit on certain non recurring items.
In the fourth quarter of fiscal 2017, net sales amounted to $3.5 billion, up 3.4 per cent over net sales of $3.4 billion in the earlier fiscal's same quarter, while comparable sales in the reporting quarter increased 0.4 per cent compared with an increase of 1.7 per cent in last fiscal's fourth quarter.
According to the company, comparable sales from digital channels grew in excess of 20 per cent while comparable sales from stores declined in the low single-digit percentage range during the quarter under review. (AR)
In the fourth quarter of fiscal 2017, net sales amounted to $3.5 billion, up 3.4 per cent over net sales of $3.4 billion in the earlier fiscal's same quarter, while comparable sales in the reporting quarter increased 0.4 per cent compared with an increase of 1.7 per cent in last fiscal's fourth quarter.
According to the company, comparable sales from digital channels grew in excess of 20 per cent while comparable sales from stores declined in the low single-digit percentage range during the quarter under review. (AR)
Fibre2Fashion News Desk – India
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