trending Market Intelligence /marketintelligence/en/news-insights/trending/X0TfHX1tbA4pNnRHvkUN7w2 content esgSubNav
In This List

Bed Bath & Beyond fiscal Q1 profit falls 7.5% YOY

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


Bed Bath & Beyond fiscal Q1 profit falls 7.5% YOY

Bed Bath & Beyond Inc. said its normalized net income for the fiscal first quarter ended May 31 was 92 cents per share, compared with the S&P Capital IQ consensus estimate of 95 cents per share.

In the prior-year period, the per-share result was a profit of 92 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $186.6 million, a decline of 7.5% from $201.8 million in the first quarter ended June 1, 2013.

The normalized profit margin dropped to 7.0% from 7.7% in the year-earlier period.

Total revenue rose year over year to $2.66 billion from $2.61 billion, and total operating expenses rose from the prior-year period to $2.36 billion from $2.29 billion.

Reported net income came to $187.9 million, or 93 cents per share, compared to $203.1 million, or 93 cents per share, in the first quarter ended June 1, 2013.