Recap: Bed Bath & Beyond Q3 Earnings

Shares of Bed Bath & Beyond BBBY fell 11% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 121.05% over the past year to $0.08, which missed the estimate of $0.19.

Revenue of $2,618,000,000 decreased by 5.11% from the same period last year, which missed the estimate of $2,750,000,000.

Looking Ahead

Bed Bath & Beyond said it sees FY21 adjusted EBITDA of $500 million to $525 million.

Details Of The Call

Date: Jan 07, 2021

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/mnt74qru

Recent Stock Performance

Company's 52-week high was at $26.16

Company's 52-week low was at $3.43

Price action over last quarter: Up 3.88%

Company Profile

Bed Bath & Beyond is a home furnishings retailer, operating around 1,475 stores in all 50 states, Puerto Rico, Canada, and Mexico. Stores carry an assortment of branded bed and bath accessories, kitchen textiles, and cooking supplies. In addition to 955 Bed Bath & Beyond stores, the firm operates 259 Cost Plus stores, 128 Buy Buy Baby stores, and 53 Harmon Face Values stores (health/beauty care). It recently divested online retailer Personalizationmall.com, the One Kings Lane business and Christmas Tree Shops and That (gifts/housewares) and Linen Holdings.