Bed Bath & Beyond Inc. said its normalized net income for the fiscal second quarter ended Aug. 30 amounted to $1.17 per share, compared with the S&P Capital IQ consensus estimate of $1.14 per share.
EPS climbed year over year from $1.13.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $224.5 million, a decrease of 7.4% from $242.6 million in the year-earlier period.
The normalized profit margin dropped to 7.6% from 8.6% in the year-earlier period.
Total revenue increased year over year to $2.94 billion from $2.82 billion, and total operating expenses increased 5.8% year over year to $2.58 billion from $2.43 billion.
Reported net income decreased 10.0% from the prior-year period to $224.1 million, or $1.17 per share, from $249.0 million, or $1.16 per share.
