Plus   Neg

Stock Alert: Bed Bath & Beyond Stock Up 11% After Hours As Q4 EPS Tops Consensus

Shares of Bed Bath & Beyond Inc. (BBBY) rose 11.26% to $4.94 in after-hours session on April 15, following the company's upbeat Q4 results.

Q4 net loss narrowed to $65.4 mln or $0.53 share from loss $253.8 mln or $1.92 per share last year.

Q4 adj. net income was $46.9 mln or $0.38 per share vs $158.8 mln or $1.20 per share last year. Consensus - $0.20/Shr.

Q4 net sales declined 6.1% to $3.1 bln from $3.31 bln prior year.

Q4 Comps decreased 5.6%.

The company's fiscal 2019 fourth quarter was favorably impacted by the Cyber Monday holiday week, which occurred during the fourth quarter this year, but occurred in the company's third quarter in the prior year period. Adjusting for the calendar shift to exclude Cyber Monday week in both periods, comparable sales for the fiscal 2019 fourth quarter declined 11.0%.

The stock has been trading between $3.43 and $17.79 in the past one year, and closed Wednesday's regular trade at $4.40, down 93 cents or 17.32%.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT