Bed Bath & Beyond (Nasdaq: BBBY ) reported earnings on June 20. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 26 (Q1), Bed Bath & Beyond met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins improved, net margins increased.
Bed Bath & Beyond logged revenue of $2.22 billion. The 21 analysts polled by S&P Capital IQ expected revenue of $2.25 billion on the same basis. GAAP reported sales were 5.1% higher than the prior-year quarter's $2.11 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.89. The 25 earnings estimates compiled by S&P Capital IQ predicted $0.84 per share. GAAP EPS of $0.89 for Q1 were 24% higher than the prior-year quarter's $0.72 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.0%, 60 basis points worse than the prior-year quarter. Operating margin was 14.1%, 40 basis points better than the prior-year quarter. Net margin was 9.3%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.47 billion. On the bottom line, the average EPS estimate is $1.03.
Next year's average estimate for revenue is $10.33 billion. The average EPS estimate is $4.63.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,050 members out of 1,258 rating the stock outperform, and 208 members rating it underperform. Among 443 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 400 give Bed Bath & Beyond a green thumbs-up, and 43 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bed Bath & Beyond is outperform, with an average price target of $76.14.
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