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Bed Bath & Beyond Inc. Reports Results For Fiscal Second Quarter.

Publication: PR Newswire
Publication Date: 23-SEP-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
- Net Earnings per Diluted Share Increase 13.0% to $.52 - Net Sales Increase by 3.3% - Comparable Store Sales Decrease by 0.6%

UNION, N.J., Sept. 23 /PRNewswire-FirstCall/ -- Bed Bath & Beyond Inc. today reported net earnings of $.52 per diluted share ($135.5 million) in the fiscal second quarter ended August 29, 2009, an increase of approximately 13.0% over net earnings of $.46 per diluted share ($119.3 million) in the same quarter a year ago. Net sales for the fiscal second quarter of 2009 were approximately $1.915 billion, an increase of approximately 3.3% from net sales of approximately $1.854 billion reported in the fiscal second quarter of 2008. Comparable store sales in the fiscal second quarter of 2009 decreased by approximately 0.6%.

For the fiscal first half ended August 29, 2009, the Company reported net earnings of $.86 per diluted share ($222.7 million), an increase of approximately 13.2% over net earnings of $.76 per diluted share ($196.0 million) in the corresponding period a year ago. Net sales for the fiscal first half of 2009 were approximately $3.609 billion, an increase...

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