Edition:
India

Bed Bath & Beyond Q2 Same Store Sales Fall 6.7%


Thursday, 3 Oct 2019 

Oct 2 (Reuters) - Bed Bath & Beyond Inc ::. REPORTS RESULTS FOR FISCAL 2019 SECOND QUARTER.SEES FY 2019 EARNINGS PER SHARE $2.08 TO $2.13.Q2 LOSS PER SHARE $1.12.SEES FY 2019 SALES ABOUT $11.4 BILLION.Q2 SALES $2.7 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.75 BILLION.Q2 SAME STORE SALES FELL 6.7 PERCENT.Q2 EARNINGS PER SHARE ESTIMATE $0.27 -- REFINITIV IBES DATA.Q2 ADJUSTED EARNINGS PER SHARE $0.34 EXCLUDING ITEMS.ENDED FISCAL 2019 Q2 WITH APPROXIMATELY $1.0 BILLION IN CASH AND INVESTMENTS.HAS MADE SUBSTANTIAL PROGRESS TOWARD IDENTIFYING A PERMANENT CEO..SETS QUARTERLY DIVIDEND OF $0.17PER SHARE.REMAINS ON TRACK WITH ITS EXPECTATION THAT IT WILL MAKE ANNOUNCEMENT REGARDING CEO SOON.FISCAL 2019 OUTLOOK CONTINUES TO BE IN-LINE WITH MOST RECENT GUIDANCE.QTRLY LOSS PER SHARE INCLUDED UNFAVORABLE IMPACT OF ABOUT $1.46/SHARE FROM CHARGES RELATED TO FIRST WAVE OF TRANSFORMATION INITIATIVES.FY EARNINGS PER SHARE VIEW $1.86, REVENUE VIEW $11.37 BILLION -- REFINITIV IBES DATA.