Bed Bath & Beyond Inc. (BBBY) Stock Falls on Earnings Miss

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Bed Bath & Beyond Inc. (NASDAQ:BBBY) stock is sliding as the retailer posted its quarterly earnings report.

Bed Bath & Beyond Inc.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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Article printed from InvestorPlace Media, https://investorplace.com/2015/04/bed-bath-beyond-inc-bbby-stock/.

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