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%.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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