Bed, Bath & Beyond’s strong financial position means it’s well placed to explore the opportunities an economic recovery might offer.
That strength has allowed it to do something in the downturn that many other retailers have had to forget about, and that’s grow. The company has been able to execute on its long-term strategy of growing its core namesake stores and adding new locations.
In the recently completed second quarter, Bed, Bath & Beyond posted earnings per share of 52 cents compared to 46 in last year’s quarter beating guidance of about 42 cents, consensus estimate of 48 cents and her reckoning of 50 cents. Total sales were up just over three percent to $1.92 billion.
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