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Tiny gains at Bed, Bath & Beyond in Q1

Net income squeezed

Union, N.J. – Bed Bath & Beyond’s earnings fell shy of analysts’ expectations during the first quarter, a period marked by an incremental sales increase and continued investment in omnichannel efforts.

For the quarter ended May 31, net income dropped 7.6% to $187.1 million, or 93 cents per share. Sales rose 1.7% to $2.66 billion. Same-store sales – which do yet not include results from Cost Plus World Market – nudged up 0.4%.