September 26, 2018 / 8:25 PM / in a month

Bed Bath & Beyond posts surprise fall in quarterly same-store sales

Sept 26 (Reuters) - Home furnishing retailer Bed Bath & Beyond Inc on Wednesday reported a surprise fall in quarterly comparable store sales amid intense competition.

Total same-store sales fell 0.6 percent in the second quarter ended Sept. 1, continuing their slide for the sixth straight quarter. Analysts on average had expected a rise of 0.33 percent in comparable sales, according to Thomson Reuters I/B/E/S.

The New York-based company’s net income fell to $48.6 million, or 36 cents per share, from $94.2 million, or 67 cents per share, a year earlier. (Reporting by Soundarya J in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below