Bed, Bath & Beyond Inc.

NASDAQ:BBBY   3:59:54 PM EDT
24.75
-0.61 (-2.40%)
Other Pre-Announcement

Bed Bath & Beyond Inc Reports Q2 Adjusted Earnings Per Share $0.50

Published: 10/01/2020 11:34 GMT
Bed Bath & Beyond Inc (BBBY) - .
Reports Results for Fiscal 2020 Second Quarter.
Q2 Adjusted Earnings per Share $0.50.
Q2 Earnings per Share $1.75.
Q2 Earnings per Share Estimate $-0.23 -- Refinitiv Ibes Data (analyst estimates).
Q2 Sales $2.7 Billion Versus Refinitiv Ibes Estimate of $2.6 Billion.
Qtrly Comparable Sales Growth of 6%.
Qtrly Comp Sales Growth From Digital Channels of 89%.
Maintains Its Position of Not Providing Fiscal 2020 Financial Guidance.
Maintains Its Position of Not Providing Fiscal 2020 Financial Guidance.
Continues to Believe It Has a Strong Financial Position.
Has Assumed Reinvestment of Between About $150 to $200 Million of Expected Cost Savings Into Future Growth Initiatives.
During Q2, Generated Cash Flow of Over $750 Million Including Operational Earnings and Working Capital.
On a Preliminary Basis, Monthly Sales for September Show Positive Comparable Sales.