Shares of BBBY are lower by more than 4% in the after-hours, extending its precipitous drop of more than 40% over the past year after announcing the horrendous business model they’ve surrounded themselves with, predicated on Green Mountain K-Cup and iRobot thousand dollar robotic mop sales, is retarded. To be honest, I’ve always hated this store. Each time I’ve entered it, my allergies kicked in and I found myself sneezing on merchandise for the next 20 minutes.
Having said that, this company is a cash cow. Valuations haven’t been this low for at least a decade, currently trading at 8.5x earnings and 0.55x sales, more than 66% lower than the gogo days of 2012.
Nevertheless, the trend is lower.
If you enjoy the content at iBankCoin, please follow us on TwitterBed Bath & Beyond misses by $0.06, misses on revs; guides FY17 EPS in-line; same store comps -0.5% (43.18 -0.15)
Reports Q1 (May) earnings of $0.80 per share, $0.06 worse than the Capital IQ Consensus of $0.86; revenues were unchanged from the year-ago period at $2.74 bln, below consensus of $2.78 bln.
Co issues in-line guidance for FY17, sees EPS comfortably in the range it has earned over last several years during a heavy investment phase of $4.50-5.00 vs. $4.98 Capital IQ Consensus Estimate.
Same store sale decline -0.5%. Comparable sales from customer-facing digital channels grew in excess of 20% while comp sales from stores declined in the low single-digit percentage range.
I was surprised these guys survived after the 2008 crash.
they do have some nice stuff….problem is that it is overpriced and you can only buy 1 item via the 20% coupon they mail you.
Ha Ha! You shop at Bed Bath and Beyond.