4Q Revenues Down For Bed Bath & Beyond.
April 9, 2008
In a statement released on Wednesday night, Bed Bath & Beyond announced that their fourth quarter profits declined to $172.9 million from $205.8 million. That is .66c per share down from .72c per share this time last year. Overall revenues also saw a reduction, from $1.99 billion to $1.93 billion over the last year.
Prior to this announcement, analysts were expecting the company to release a forth quarter profit of .66c per share, which was based on a revenue of $1.97 billion. The company itself is expecting first quarter profits to be between .26c to .30c per share even though analysts are still predicting .38c per share.