Bed, Bath & Beyond Q4 up 24%; will open 40 stores in fiscal 2012
Union, N.J. -- Bed Bath & Beyond Inc.’s profit in the fourth quarter rose to $351.0 million, from $283.5 million a year ago.
Revenue for the quarter ended Feb. 25 increased 9.1% to $2.73 billion. Same-store sales were up 6.8%.
In a conference call with analysts, the chain said it anticipates opening a total of 40 stores across all its concepts this fiscal year.