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Bed Bath & Beyond Inc. (BBBY) operates a chain of retail stores.
It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.
It also provides various textile products, amenities, and other goods to institutional customers in the hospitality, cruise line, healthcare, and other industries.
As of March 2, 2019, the company had a total of 1,533 stores, including 994 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico, and Canada; 277 stores under the names of World Market, Cost Plus World Market, or Cost Plus; 124 buybuy BABY stores; 81 stores under the Christmas Tree Shops, Christmas Tree Shops andThat!, or andThat! Names; 55 stores under the Harmon, Harmon Face Values, or Face Values names; and 2 two retail stores under the One Kings Lane name.
It also offers products through various Websites and applications, such as bedbathandbeyond.com, bedbathandbeyond.ca, harmondiscount.com, facevalues.com, christmastreeshops.com, andthat.com, buybuybaby.com, buybuybaby.ca, harborlinen.com, t-ygroup.com, worldmarket.com, ofakind.com, onekingslane.com, personalizationmall.com, chefcentral.com and decorist.com.
On October 2nd, Bed Bath & Beyond (BBBY) reported 2nd Quarter August 2019 earnings of $0.34 per share on revenue of $2.7 billion. The consensus earnings estimate was $0.26 per share on revenue of $2.8 billion. Revenue fell 7.3% compared to the same quarter a year ago.
The company said it expects fiscal 2020 earnings of $2.08 to $2.13 per share on revenue of approximately $11.40 billion. The company's previous guidance was earnings to be at the lower-end of $2.11 to $2.20 per share and the current consensus earnings estimate is $1.87 per share on revenue of $11.41 billion for the year ending February 29, 2020. The news sent shares higher and are now approaching the overhead resistance of the 200-day moving average. We expect shares to move lower.
Last Trade: $12.98
Trading Range: $7.31 to $19.57
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