$BBBY (Bed Bath & Beyond Inc.)

$BBBY {{ '2015-06-24T21:59:15+0000' | timeago}} • Webcast

$BBBY 1Q15 Call – Sue, CFO: As of May 30, 2015, cash and cash equivalents and investment securities were approx. $793MM. Retail inventories, which includes inventories in our distribution facilities, were approx. $2.8Bil at cost, an increase of approx. 5.3% compared to 1Q14. CapEx for first three months for FY15 were approx. $72MM.

$BBBY {{ '2017-08-04T13:29:54+0000' | timeago}} • Announcement

$BBBY accelerated realignment of store management structure. Due to the timing of these changes, the pre-tax cost savings for the remainder of FY17 are estimated to be about $7MM. The company expects to incur pre-tax cash restructuring charges of about $17MM in FY17, primarily for severance and related costs.

$BBBY {{ '2017-08-04T13:21:37+0000' | timeago}} • Announcement

$BBBY initiated in about half of its U.S. stores and about a dozen U.S. buybuy BABY stores, a limited realignment of its store management organization, primarily resulting in a reduction of about 880 Department and Assistant Store Manager positions. These are estimated to generate future annual pre-tax cost savings of about $16MM.

$BBBY {{ '2017-08-04T13:20:18+0000' | timeago}} • Announcement

$BBBY accelerated the realignment of its store management structure to support its customer-focused initiatives and omnichannel growth. These actions are part of the company's continuous efforts to improve and capitalize on the opportunities presented by the evolving retail landscape.

$BBBY {{ '2017-06-22T22:30:03+0000' | timeago}} • Webcast

$BBBY stated that the coupon expense for 1Q17 resulted from an increase in redemptions, partially offset by a decrease in the average coupon amount.

$BBBY {{ '2017-06-22T21:49:18+0000' | timeago}} • Webcast

$BBBY said the investments made over the last few years were necessary. From a profits perspective, as the world evolves, these investments have not produced growing earnings but they are sustaining the company’s relative position in the landscape. $BBBY added that without these investments, it would not exist today.

$BBBY {{ '2017-06-22T21:20:33+0000' | timeago}} • Webcast

$BBBY saw strong growth in its customer-facing-digital channels in 1Q17. However, the company experienced increased softness in transactions in stores, as well as higher net-direct-to-customer shipping expense, coupon expense, and advertising costs. It remains to be seen whether these challenges were more pronounced in, or unique to, 1Q17.

$BBBY {{ '2017-06-22T21:11:14+0000' | timeago}} • Webcast

In 1Q17, $BBBY’s comparable sales fell by approx. 2%. This reflected decrease in number of transactions in stores, partially offset by an increase in average transaction amount. Comparable sales from customer-facing digital channels had strong growth in excess of 20%, while comp sales from stores declined in the mid-single-digit percentage range.

$BBBY {{ '2017-06-22T20:41:03+0000' | timeago}} • Announcement

$BBBY is not updating its full-year 2017 modeling assumptions provided on April 5, 2017. After 2Q17, the company believes it will have better visibility to the full-year and, if necessary, will update its full-year modeling assumptions at that time.

$BBBY {{ '2017-06-22T20:38:15+0000' | timeago}} • Announcement

$BBBY's BoD has declared a quarterly dividend of $0.15 per share to be paid on October 17, 2017 to shareholders of record on September 15, 2017.

$BBBY {{ '2017-06-22T20:36:15+0000' | timeago}} • Announcement

$BBBY reported a decrease in 1Q17 earnings. Net income was $75.3MM or $0.53 per share compared to $122.6MM or $0.80 per share in 1Q16. 1Q17 earnings included an unfavorable impact of approx. $0.05 from the adoption of the new share-based payment accounting standard. Net sales were approx. $2.7Bil, up about 0.1% from 1Q16.

$BBBY {{ '2017-04-05T22:03:56+0000' | timeago}} • Webcast

$BBBY said for FY17, more than half of its capital spend would be allocated towards technology in terms of growing omnichannel capabilities, including its website and mobile apps. It will also include the customer service center that $BBBY is opening in Florida and the technology associated with it.

$BBBY {{ '2017-04-05T21:56:37+0000' | timeago}} • Webcast

$BBBY has been evolving its store format and continues to evolve it. In digital, the company has many benefits such as reduced advertising and customer convenience. $BBBY believes it is doing well in digital as it is adding to the assortment and improving search, content and speed.

$BBBY {{ '2017-04-05T21:28:12+0000' | timeago}} • Webcast

$BBBY is modeling a low to mid single-digit percentage increase in consolidated net sales for FY17, including the 53rd week. The company also estimates a relatively flat to slightly positive increase in comparable sales, including growth in customer base and digital channels. $BBBY plans to open 30 new stores and close about 15-20 stores in FY17.

$BBBY {{ '2017-04-05T21:21:35+0000' | timeago}} • Webcast

$BBBY ended FY16 with approx. $578MM in cash, cash equivalents and investment securities. Capex was approx. $374MM in FY16. During 4Q16, the company opened nine new stores and closed four stores. For FY16, $BBBY opened 29 stores and closed 13 stores.

$BBBY {{ '2017-04-05T21:12:17+0000' | timeago}} • Webcast

$BBBY's comparable sales in 4Q16 increased by about 0.4%. Comparable sales from customer-facing digital channels grew in excess of 20% while comparable sales from stores declined in the low single-digit percentage range. Gross margin was approx. 38% in 4Q16.

$BBBY {{ '2017-04-05T20:51:51+0000' | timeago}} • Announcement

$BBBY's BoD declared an increase in the quarterly dividend to $0.15 per share, payable on July 18, 2017 to shareholders of record on June 16, 2017.

$BBBY {{ '2017-04-05T20:50:00+0000' | timeago}} • Announcement

$BBBY estimates a decline in net diluted EPS in the percentage range of low-single digits to 10% for FY17.

$BBBY {{ '2017-04-05T20:48:05+0000' | timeago}} • Announcement

$BBBY reported a decrease in 4Q16 earnings. Net income was $268.7MM or $1.84 per share compared to $303.5MM or $1.91 per share in 4Q15. Net sales were about $3.5Bil, an increase of about 3.4% from 4Q15.

$BBBY {{ '2016-12-21T23:17:45+0000' | timeago}} • Webcast

$BBBY said the Tmall accretion can be quantified by saying that it's slightly accretive overall from an EPS perspective. Overall, the company added that Tmall is not material but slightly accretive to the overall business.

$BBBY {{ '2016-12-21T22:32:25+0000' | timeago}} • Webcast

$BBBY opened 10 new stores during 3Q16, including five Bed Bath & Beyond stores. In the quarter, the company also closed eight Bed Bath & Beyond stores. For FY16, the company continues to model GM deleverage, including increases in coupon expense and net direct to customer shipping expense. $BBBY expects FY16 GM deleverage to be flat with FY15.

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