Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Bed Bath & Beyond Reports Q1 Results
Jun 19, 2003
 Printable format
 Email this Article
 Search

Home product retailer Bed Bath & Beyond Inc. today reported net earnings of U.S. $57.5 million ($0.19 per share) in the fiscal first quarter ended May 31, 2003, an increase of approximately 24.2 percent from the $46.3 million ($0.15 per share) earned in the fiscal first quarter of 2002.

Net sales for the fiscal first quarter of 2003 were $893.9 million, an increase of approximately 15.1 percent from net sales of $776.8 million in the fiscal first quarter of 2002. Comparable store sales in the fiscal first quarter of 2003 grew by approximately 4.4 percent, compared with an increase of approximately 13.2 percent in last year's fiscal first quarter (the largest quarterly increase in comparable store sales in 8 years).


The company also announced that as of May 31, 2003, there were 498 Bed Bath & Beyond stores operating in 44 states and Puerto Rico, including 8 new stores opened during the fiscal first quarter. Total store space of the Bed Bath & Beyond stores at the end of the fiscal first quarter was approximately 17.4 million sq ft, an increase of approximately 15.5 percent over total store space of approximately 15.0 million sq ft of the 409 Bed Bath & Beyond stores operating at the end of the corresponding period last year. Since the beginning of the fiscal second quarter on June 1, 2003, five new Bed Bath & Beyond stores have been opened, bringing the total number of stores now operating to 503 stores.

Including those already opened year-to-date, the retailer says it plans to open 80-90 stores, in both new and existing markets, during fiscal 2003, which ends Feb. 28, 2004.

Back to Daily News

 

Daily News

...........................................................

Aug 22, 2014: Could Quirky Acquire GE Appliances?

Aug 22, 2014: Existing Home Sales Up in July

Aug 21, 2014: Miele Annual Sales Up 2.2%

Aug 21, 2014: TTI Reports Record Sales

Aug 21, 2014: Stihl Annual Cycling Event Raises $539,000 So Far in 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows