Bed Bath & Beyond (BBBY) reported earnings on Wed 26 Sept 18 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Bed Bath & Beyond misses by $0.15, reports revs slightly below consensus; AugQ comps were -0.6%; guides FY19 EPS below consensus 

• Reports Q2 (Aug) earnings of $0.36 per share, $0.15 worse than the S&P Capital IQ Consensus of $0.51; revenues were unchanged year/year at $2.94 bln vs the $2.96 bln S&P Capital IQ Consensus.
  • Comps in AugQ were -0.6% vs market expectations of a slight gain, and included strong sales growth from 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 at low end of prior guidance; co now expects EPS of approx $2.00 vs. $2.30 S&P Capital IQ Consensus and vs prior guidance in the low to mid $2.00 range.

Bed Bath & Beyond falls 15% to 18-year low in extended trade after missing sales and earnings estimates and lowering EPS guidance