Bed Bath & Beyond Q3 profit climbs 28%, beats Street
Union, N.J. -- Bed Bath & Beyond said Wednesday that profit for the quarter ended Nov. 27 rose 28% to $188.6 million, compared with $151.3 million in the year-ago period.
Results topped analyst expectations.
Revenue rose 11% to $2.2 billion, edging Wall Street expectations of $2.11 billion in revenue. Same-store sales increased 7%.
The company had 1,127 stores at the end of the quarter. Bed Bath & Beyond opened five of its namesake stores, five Christmas Tree Shops stores and seven buybuy Baby stores during the quarter.