That said, management boasts liquidity of nearly $2.2 billion driven by solid cash flow to the tune of more than $750 million and $850 million secured asset-based lending facility.

Overall, the stock has an aggregate VGM Score of A. This can be construed as a modest strength in the organization.

In the said quarter, the company launched its 128th baby store and recently opened another in September.

For 32 years, our Strong Buy list has averaged returns more than twice the market. We use cookies to understand how you use our site and to improve your experience.

BED BATH & BEYOND INC' earnings per share from the most recent quarter came in slightly below the year earlier quarter.

The consensus estimate has shifted 128.75% due to these changes. This can be attributed to strong digital comps of roughly 89%, somewhat offset by soft store comps to the tune of nearly 12%. When compared to other companies in the Specialty Retail industry and the overall market, BED BATH & BEYOND INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Keeping in these lines, the latest introduction of same-day-delivery service is likely to aid the top line further. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Bed Bath & Beyond noted that it successfully completed the sale of PersonalizationMall.com in early August for roughly $245 million. That said, management boasts liquidity of nearly $2.2 billion driven by solid cash flow to the tune of more than $750 million and $850 million secured asset-based lending facility. TheStreet Ratings Team has this to say about their recommendation: "We rate BED BATH & BEYOND INC (BBBY) a BUY.

If you aren't focused on one strategy, this score is the one you should be interested in. Moreover, digital sales rose roughly 88%, accounting for approximately 32% of total sales.

Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising.

A recent pick, Maxar, skyrocketed +178.7% in 3 months. Net sales came in at $2,688 million, down 1.1% year over year, owing to the sale of One Kings Lane business.

However, it surpassed the Zacks Consensus Estimate of $2,613.

Additionally, cost-cutting actions and reduced discretionary costs, along with renegotiations with existing vendors, are predicted to realize savings of nearly $150 million and $200 million, respectively. Bed Bath & Beyond ended fiscal second quarter with cash and investments of roughly $1.4 billion. It comes with little surprise Bed Bath & Beyond has a Zacks Rank #2 (Buy). Q&A: what does the General Services Administration's decision mean? NYSE and AMEX data is at least 20 minutes delayed.

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The company lowered gross debt by roughly $500 million via bond offer and loan repayment. In this regard, adjusted EBITDA is anticipated to be $250-$350 million.

However, it refrained from providing any fiscal 2020 outlook, given the continued uncertainty of the pandemic.Bed Bath & Beyond reported adjusted earnings of 50 cents per share for fiscal second quarter, up 47% from 34 cents reported in the year-ago quarter. Apart from these, stringent cost-cutting actions and strong financial position contributed to quarterly growth. Results reflect gains from robust digital growth, courtesy of its BOPIS and contactless curbside-pickup facilities. Will the recent positive trend continue leading up to its next earnings release, or is Bed Bath & Beyond due for a pullback? However, it refrained from providing any fiscal 2020 outlook, given the continued uncertainty of the pandemic. We feel these strengths outweigh the fact that the company has had sub par growth in net income.". If you wish to go to ZacksTrade, click OK. Moreover, digital sales rose roughly 88%, accounting for approximately 32% of total sales. Bed Bath & Beyond (BBBY) fell in after-hours trading on Wednesday after the company reported first-quarter results that came up short of analysts' expectations. Moreover, adjusted gross margin expanded 200 basis points (bps) to 35.9% on positive product mix, higher markdowns, better promotions, as well as lower distribution and fulfillment costs. Out of these cost savings, management intends to reinvest roughly $150-$200 million in future initiatives.Apart from these, its earlier-announced Store Network Optimization project, wherein almost 200 Bed Bath & Beyond stores are estimated to be shut down in the next two years, is expected to generate savings of nearly $100 million on an annual basis. The monthly returns are then compounded to arrive at the annual return.

A month has gone by since the last earnings report for Bed Bath & Beyond (BBBY Quick QuoteBBBY - Free Report) .

Bed Bath & Beyond Inc. (BBBY) - free report >>.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. The return on equity has improved slightly when compared to the same quarter one year prior. The stock was down 6.1% to $57.38 at 4:25 p.m. Must Read: Warren Buffett's 25 Favorite Stocks. NASDAQ data is at least 15 minutes delayed. This includes personalizing content and advertising.

Notably, all its stores resumed operations by early July. Zacks Ranks stocks can, and often do, change throughout the month. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Learn what Wall Street already knows in our Zacks Rank Guide. For online orders at bedbathandbeyond.com and buybuybaby.com, this option is available for orders above $39 at a flat fee of $4.99.The company intends to expedite its comprehensive restructuring program in a bid to achieve improved profits over the next two-three years. Shares have added about 5.6% in that time frame, outperforming the S&P 500. This company has reported somewhat volatile earnings recently. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.

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