25 June 2009

Sales, earnings up at Bed Bath & Beyond

Bed Bath & Beyond Inc. reported net earnings of $87.2 million in the quarter ended May 30, 2009, compared with $76.8 million in the same quarter a year ago. Net sales for the period were approximately $1.694 billion, an increase of approximately 2.8% from the same quarter of 2008. Comparable store sales decreased by approximately 1.6%.
As of May 30, 2009, the Company had a total of 1,044 stores, including 935 Bed Bath & Beyond stores in 49 states, the District of Columbia, Puerto Rico and Canada, 53 Christmas Tree Shops stores, 16 buybuy BABY stores, and 40 stores under the names of Harmon or Harmon Face Values. Through a joint venture, the Company also operates retail stores in Mexico under the name "Home & More."
Read the complete press release here.

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