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 Net Earnings Increase in Q2
Sep 23, 2004
 Printable format
 Email this Article
 Search

Small appliance retailer Bed Bath & Beyond Inc. reported net earnings of U.S. $120 million ($0.39 per share) in the fiscal second quarter ended Aug. 28, 2004, an increase of approximately 23.5 percent from the $97.2 million ($0.32 per share) earned in the fiscal second quarter of 2003.

Net sales for the fiscal second quarter of 2004 were approximately $1.3 billion, an increase of approximately 14.6 percent from net sales of approximately $1.1 billion in the fiscal second quarter of 2003. Comparable store sales in the fiscal second quarter of 2004 grew by approximately 4.8 percent, compared with an increase of approximately 5.9 percent in last year's fiscal second quarter.

For the fiscal first half ended Aug. 28, 2004, net earnings increased 30.6 percent to $202.1 million ($0.66 per share) from $154.7 million ($0.51 per share) earned in the comparable period of the prior year. Net sales for the fiscal first half of 2004 rose 18.4 percent to approximately $2.4 billion from approximately $2.0 billion in the corresponding period of the prior year. Comparable store sales for the fiscal first half of 2004 increased by approximately 4.9 percent, compared with an increase of approximately 5.2 percent in the comparable period a year ago.

As of Aug. 28, 2004, the company operated a total of 661 stores, including 606 Bed Bath & Beyond stores (of which 14 were opened during the fiscal second quarter) in 44 U.S. states and Puerto Rico. During the remainder of fiscal 2004, which ends on Feb. 26, 2005, the retailer plans to open approximately 54 Bed Bath & Beyond stores, in both new and existing markets.

Back to Daily News

 

Daily News

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

Sep 25, 2014: Cub Cadet's new lawn tractor has Bluetooth and its own app

Sep 24, 2014: GE has the highest ranked appliance brand website; h.h. gregg ranked top appliance retailer website

Sep 24, 2014: Haier becomes first refrigerator maker to offer a lifetime compressor warranty

Sep 24, 2014: New condensing dishwasher from Whirlpool's plant in Wroclaw, Poland

Sep 24, 2014: Index points to growth in consumer spending on tech products in remaining months of 2014

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows