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Bed Bath & Beyond posts $3.0 billion sales in Q3 FY17
25 Dec '17
1 min read
Bed Bath & Beyond has recorded net sales of nearly $3.0 billion, relatively flat to prior year quarter on a comparables decrease of approximately 0.3 per cent. For the third quarter of 2017, the company reported net earnings of $.44 per diluted share ($61.3 million) compared with $.85 per diluted share ($126.4 million) for the fiscal 2016 third quarter.
During the reported period, the company repurchased approximately $24 million of its common stock, representing approximately 929,000 shares, under its existing $2.5 billion share repurchase programme. As of November 25, 2017, the programme had a remaining balance of approximately $1.5 billion.
The company's planning assumptions reflect actual results through the fiscal third quarter and the current trends the company has been experiencing. Based upon its planning assumptions, the company continues to model net earnings per diluted share for the full year to be about $3.00. (RR)
Fibre2Fashion News Desk – India
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