Post-Earnings Research - Bed Bath and Beyond

LONDON, April 24, 2015 /PRNewswire/ --

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Investor-Edge.com has issued free post--earnings research on Bed Bath & Beyond Inc. (NASDAQ: BBBY). On April 08, 2015, the company reported its financial results for Q4 FY14 and full-year FY14 (period ended February 28, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Bed%20Bath%20and%20Beyond&d=24-Apr-2015&s=BBBY to read our free earnings review on Bed Bath and Beyond Inc. (Bed Bath and Beyond). During Q4 FY14 and FY14, the company's net sales increased 4.2% Y-o-Y and 3.3% Y-o-Y, respectively. Further, Bed Bath and Beyond's comparable sales improved 3.7% in Q4 FY14 and approximately 2.4% in full-year FY15. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Bed%20Bath%20and%20Beyond&d=24-Apr-2015&s=BBBY

Earnings Overview  

During Q4 FY14, Bed Bath and Beyond reported net sales of $3.34 billion compared $3.20 billion in Q4 FY13. The company's Q4 FY14 net sales slightly missed Bloomberg analysts' forecasts of $3.37 billion. Moreover, the comparable sales growth in Q4 FY14 was approximately 3.7% compared with approximately 1.7% in Q4 FY13. The company's comparable sales for Q4 FY14 include an approximate 0.2% unfavorable impact from the change in the Canadian currency exchange rate.

For Q4 FY14, Bed Bath and Beyond's operating profit increased to $532.17 million from $527.07 million in Q4 FY13. The company's Q4 FY14 net earnings came in at $321.06 million, or $1.80 per diluted share, compared to $333.30 million, or $1.60 per diluted share, in Q4 FY13. Analysts from Bloomberg were expecting the company to report net earnings of $320.40 million, or $1.80 per diluted share, in Q4 FY14.  Free research on BBBY can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Bed%20Bath%20and%20Beyond&d=24-Apr-2015&s=BBBY

Bed Bath and Beyond's net sales for FY14 was $11.88 billion compared to $11.50 billion in FY13. The company's net sales for FY14 fell short of Bloomberg analysts' forecasts of $11.91 billion. During FY14, the company's operating profit came in at $1.55 billion compared to $1.61 billion in FY13. The company's net earnings stood at $957.47 million, or $5.07 per diluted share, in FY14 compared to $1.02 billion, or $4.79 per diluted share, in FY13. Analysts from Bloomberg were expecting the retailer to report net earnings of $955.33 million, or $5.05 per diluted share, in FY14.

Bed Bath and Beyond excluded Cost Plus World Market from comparable sales calculations through the end of H1 FY13 and included it from beginning of Q3 FY13. The company also excluded Linen Holdings from comparable sales calculations and it will continue to be excluded on an ongoing basis as it represents non-retail activity. Sign up and read the free analyst's notes on BBBY at:

http://get.Investor-Edge.com/pdf/?c=Bed%20Bath%20and%20Beyond&d=24-Apr-2015&s=BBBY

During Q4 FY14, Bed Bath and Beyond repurchased approximately 11.8 million shares of its common stock for approximately $947 million. The company repurchased approximately 10.3 million shares for approximately $782 million from open market, while the remaining 1.5 million shares worth $165 million, represented the net settlement at the completion of the company's $1.1 billion accelerated share repurchase program in December 2014. As of February 28, 2015, the remaining balance of the current $2.0 billion share repurchase program was approximately $884 million.

In FY14, Bed Bath and Beyond net cash provided by operating activities was $1.19 billion, compared to $1.39 billion in FY13. As of February 28, 2015, the company had cash and cash equivalents of $875.57 million compared to $366.52 million recorded as of March 01, 2014.

For its Q1 FY15 and full-year FY15 guidance, Bed Bath and Beyond expects comparable sales growth of 2.0% to 3.0%, respectively. Further, the company anticipates net earnings per diluted share to be between $0.90 and $0.95 for Q1 FY15 and a relatively flat to a mid-single digit percentage growth in net earnings per diluted share in FY15. Visit Investor-Edge and access the latest research on BBBY at:

http://get.Investor-Edge.com/pdf/?c=Bed%20Bath%20and%20Beyond&d=24-Apr-2015&s=BBBY

Stock Performance 

On the day following the earnings release, April 09, 2015, Bed Bath and Beyond's stock plummeted 5.43% to end the session at $73.46. Since then, the stock has witnessed a mixed trend. On the last close, Thursday, April 23, 2015, the stock finished at $72.80, up 0.58%, after vacillating between $72.00 and $73.06. A total of 2.39 million shares were traded which was above their three months average volume of 2.04 million shares. Over the previous three trading sessions, the stock has advanced 0.68%. However, in the last one month and in the past three months, the company's shares have fallen by 3.33% and 4.99%, respectively. Shares in Bed Bath and Beyond closed above their 200-day moving average of $70.00. Furthermore, the stock traded at a PE ratio of 14.30 and has a Relative Strength Index (RSI) of 39.62.

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 3 insider transactions made by one individual. On April 13, 2015, Leonard Feinstein, Co-Chairman at Bed Bath and Beyond bought total of 165,970 shares of the company at an average price of $30.56 per share, and for a total value of $5.07 million. On the same day, he disposed an equal number of shares at an average price of $73.12 per share, and for a total value of $12.14 million. Complimentary in-depth research on BBBY is available at:

http://get.Investor-Edge.com/pdf/?c=Bed%20Bath%20and%20Beyond&d=24-Apr-2015&s=BBBY

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