Stock Under Spotlight, Few Things: Bed Bath & Beyond Inc. (NASDAQ: BBBY)

On 31 Jan 2020, Bed Bath & Beyond Inc. (NASDAQ: BBBY) changed -4.68% to recent value of $14.25. The stock transacted 8857951 shares during most recent day however it has an average volume of 6801.58K shares. It spotted trading -27.18% off 52-week high price. On the other end, the stock has been noted 94.94% away from the low price over the last 52-weeks.

Bed Bath & Beyond Inc. (BBBY) recently stated financial results for the third quarter of fiscal 2019 ended November 30, 2019.

Fiscal 2019 Third Quarter Results

For the fiscal 2019 third quarter, the Company stated a net loss of $(0.31) per diluted share ($(38.6)M), which included a net benefit of $0.07 from the favorable impact from an adjustment to the incremental inventory reserve for future markdowns associated with its inventory initiative, that was partially offset by a non-cash charge for the impairment of certain store-level assets.  This compares to net earnings of $0.18 per diluted share ($24.4M) for the fiscal 2018 third quarter, which included the favorable impact of $0.16 per diluted share from the gain on the sale of a building.  Not Including these net favorable impacts in both periods, the Company stated an adjusted net loss of $(0.38) per diluted share ($(46.9M) for the fiscal 2019 third quarter, contrast to adjusted net earnings of $0.02 per diluted share ($2.7M) for the fiscal 2018 third quarter.  Net sales for the fiscal 2019 third quarter were $2.8B, a decrease of 9.0% contrast to the previous year period.  Comparable sales in the fiscal 2019 third quarter declined 8.3%.

The Company’s fiscal 2019 third quarter was importantly influenced by the calendar shift of the Thanksgiving holiday this year resulting in one less week of holiday sales contrast to the previous year period.  Adjusting for this calendar shift to include Thanksgiving and Cyber Monday weeks in both periods, comparable sales for the fiscal 2019 third quarter declined 3.6%.  During the key five-day shopping period from Thanksgiving to Cyber Monday for both this year and last year, comparable sales on a shifted basis increased 7.1%.

Capital Allocation

Recently, the Company’s Board of Directors reported a quarterly dividend of $0.17 per share payable on April 14, 2020 to shareholders of record at the close of business on March 13, 2020.

The Company repurchased $1.2M of its ordinary stock, representing 87,000 shares, during the fiscal 2019 third quarter.

The Company ended the fiscal 2019 third quarter with $920M in cash and investments, contrast with $1.0B in cash and investments at the end of the fiscal 2018 third quarter.

BBBY has a gross margin of 32.40% and an operating margin of -8.10% while its profit margin remained -7.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained -132.80% for this year.  The company has 128.7M of outstanding shares and 120.51M shares were floated in the market. According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -9.42% from the mean of 20 days, -7.89% from mean of 50 days SMA and performed 11.04% from mean of 200 days price. Company’s performance for the week was -12.84%, -17.63% for month and YTD performance remained -17.63%.


Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the””  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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