Bed Bath & Beyond Inc. (NASDAQ:BBBY) stock is sliding as the retailer posted its quarterly earnings report.
The company reported earnings-per-share of of $5.07 for the quarter ending Feb. 28, beating the Wall Street estimate of $5.05. However, its sales missed expectations.
Bed Bath & Beyond’s net sales were $3.34 billion, below the consensus estimate of $3.37 billion. Comparable sales grew 3.7%, missing the 4.5% estimate.
For the first quarter of fiscal 2015 and the full year, Bed Bath & Beyond expects an increase in comparable sales of between 2% and 3%.
BBBY stock is down 6% Thursday.
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