LONDON, UK / ACCESSWIRE / April 27, 2018 / Active-Investors.com has just released a free earnings report on Bed Bath & Beyond Inc. (NASDAQ: BBBY). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BBBY. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on April 11, 2018. The retailer beat revenue and earnings expectations, and also provided guidance for FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Bed Bath & Beyond most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BBBY

Earnings Highlights and Summary

For the 14-week fourth fiscal quarter 2017, Bed Bath & Beyond's net sales grew 5.2% to $3.72 billion compared to $3.53 billion for the 13-week fourth fiscal quarter 2016. The Company's comparable sales dropped by approximately 0.6% on a y-o-y basis in the reported quarter, and included a strong sales growth from the Company's customer-facing digital channels, and sales from stores that declined in the mid-single-digit percentage range. Bed Bath & Beyond's sales topped analysts' estimates of $3.68 billion.

For the full fiscal year 2017, Bed Bath & Beyond's sales were approximately $12.35 billion, reflecting an increase of 1.1% compared to $12.22 billion in FY16. The Company's comparable sales fell 1.3% in FY17, and included a strong sales growth from the Company's customer-facing digital channels, and sales from stores that declined in the mid-single-digit percentage range.

For Q4 2017, Bed Bath & Beyond reported net earnings of $194.0 million, or $1.41 per diluted share, compared to $268.7 million, or $1.84 per diluted share, in Q4 2016. The Company's reported quarter results included a net unfavorable tax expense of $10.5 million, related to the Tax Cuts and Jobs Act 2017 (TCJA). Excluding the net unfavorable impact from the TCJA, Bed Bath & Beyond's net earnings would have been $1.48 per share for Q4 2017. The Company's earnings beat Wall Street's estimates of $1.40 per share.

Bed Bath & Beyond's net earnings totaled $424.9 million, or $3.04 per diluted share, in FY17 compared to $685.1 million, or $4.58 per diluted share, in FY16. The Company's FY17 results included a net unfavorable tax expense of $10.5 million, related to the TCJA. Excluding the net unfavorable impact, Bed Bath & Beyond's net earnings would have been $3.12 per diluted share for FY17.

Cash Matters

Bed Bath & Beyond ended FY17 with $744 million in cash and investment balances, an increase of approximately $166 million compared to approximately $578 million in FY16.

During Q4 2017, Bed Bath & Beyond repurchased approximately $45 million of its common stock, representing approximately 2 million shares, under its existing $2.5 billion share repurchase program. As of March 03, 2018, the program had a remaining balance of approximately $1.5 billion.

Bed Bath & Beyond's Board of Directors declared a quarterly dividend of $0.16 per share, reflecting an increase of 6.7% from the prior dividend of $0.15. The increased quarterly dividend is payable on July 17, 2018, to shareholders of record at the close of business on June 15, 2018.

Outlook

For the 52-week fiscal year 2018, Bed Bath & Beyond is forecasting consolidated net sales to be relatively flat to slightly positive, compared to FY17, which had 53 weeks. The Company is expecting to open 20 new stores with the majority being Buybuy BABY and Cost-Plus World Market stores. Bed Bath & Beyond is projecting net earnings per diluted share to be in the low- to mid-$2 range for FY18.

Stock Performance Snapshot

April 26, 2018 - At Thursday's closing bell, Bed Bath & Beyond's stock slightly dropped 0.23%, ending the trading session at $17.69.

Volume traded for the day: 3.75 million shares.

After yesterday's close, Bed Bath & Beyond's market cap was at $2.68 billion.

Price to Earnings (P/E) ratio was at 5.66.

The stock has a dividend yield of 3.62%.

The stock is part of the Services sector, categorized under the Home Furnishing Stores industry. This sector was up 1.0% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors