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Article Excerpt
- Net Earnings per Diluted Share of $.34 for Q1
- Quarterly Net Sales Increase by 2.8%
- Quarterly Comparable Store Sales Decrease by 1.6%
UNION, N.J., June 24 /PRNewswire-FirstCall/ -- Bed Bath & Beyond Inc. today reported net earnings of $.34 per diluted share ($87.2 million) in the fiscal first quarter ended May 30, 2009, compared with net earnings of $.30 per diluted share ($76.8 million) in the same quarter a year ago. Net sales for the fiscal first quarter of 2009 were approximately $1.694 billion, an increase of approximately 2.8% from net sales of $1.648 billion reported in the fiscal first quarter of 2008. Comparable store sales for the fiscal first quarter of 2009 decreased by approximately 1.6%.
As of May 30, 2009, the Company had a total of 1,044 stores, including 935 Bed Bath & Beyond stores in 49 states, the District of Columbia, Puerto Rico and Canada, 53 Christmas Tree Shops stores, 16 buybuy BABY stores, and 40 stores under the names of Harmon or Harmon Face Values. During the...
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