- (before earnings) Forward Dividend & Yield 0.60 (2.79%)
** charts before earnings **
** charts after earnings **
Bed Bath & Beyond beats by $0.07, reports revs in-line; guides FY19 EPS below consensus; raises quarterly dividend 6.7% to $0.16/share
- Reports Q4 (Feb) earnings of $1.48 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $1.41; revenues rose 5.1% year/year to $3.72 bln vs the $3.68 bln Capital IQ Consensus.
- Comparable sales in Q4 (14 weeks) decreased by ~0.6% vs. ests near -2%, and included strong sales growth from the Company's customer-facing digital channels, and sales from stores that declined in the mid-single-digit percentage range.
- Co issues downside guidance for FY19, sees EPS of low-to-mid $2 range vs. $2.78 Capital IQ Consensus Estimate. Co will guide sales guidance on the call.
- The co repurchased ~$45 million of its common stock, representing ~2 million shares, under its existing $2.5 billion share repurchase program.
- As a reflection of the long-term health of the business, and commitment to creating shareholder value, the Company's Board of Directors today declared an increase in the quarterly dividend to $0.16 per share from $0.15.
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