bed bath beyond stock long term outlook 2018

Net sales from digital channels grew approximately 88%, while net sales from stores declined approximately 18%, compared to the prior year. Net sales were approximately $2.7 billion, a decrease of approximately 1% compared to the prior year period, partially due to the divestiture of One Kings Lane.Second quarter comparable sales benefited from significantly strong growth in digital channels of approximately 89%, partially offset by an approximately 12% decline in comparable store sales. Comparable sales increased approximately 6%, the Company's first comparable sales growth since the fiscal 2016 fourth quarter.All of these latter financial measures are non-GAAP financial measures. FY20 Q1 Enhanced Liquidity to Approximately $2.2 Billion, or Approximately 2x Debt - On a Preliminary Basis, Monthly Sales for September Show Positive Comparable Sales, with Similar Store and Digital Performance Trends as Second QuarterĪdjusted items refer to comparable sales as well as to financial measures that are derived from measures calculated in accordance with GAAP, but which have been adjusted to exclude certain items. FY19 Q2 to $199 Million, or 7.4% Margin - Generated Cash Flow of More Than $750 Million, Driven by Earnings and Working Capital Improvements, as well as Net Proceeds from Sale of - Reduced Gross Debt by 30% vs.

FY19 Q2 - Adjusted EBITDA Increased 36% vs.

But as long as Wayfair, Amazon and others are slashing prices on furniture and other home goods, that's bad news for Bed Bath & Beyond.Bed Bath and Beyond Delivers Pivotal Quarter of Strong Sales and Profit Growth, as well as Significant Cash Flow Generation - Comparable Sales Growth of 6%, with Strong Comp Sales Growth from Digital Channels of 89% First Comparable Sales Growth Since FY16 Q4 Net Sales Declined Approximately 1%, Partially Due to the Divestiture of One Kings Lane - Gross Margin Increased 1,000 bps to 36.7% Adjusted Gross Margin Increased 200 bps to 35.9%, Driven by Favorable Product Mix, Including Lower Coupon Expense and Better Optimization of Promotion and Markdowns and Leverage of Distribution and Fulfillment Costs Partially Offset by Expected Digital Channel Mix - Net Earnings per Diluted Share of $1.75 Adjusted Net Earnings per Diluted Share Increased 47% to $0.50 vs. Say what you want about the need for a Black Friday event on a Wednesday seven months before the real thing. It's proclaiming that April 25 will be Way Day and is planning to offer what it describes as 'Black Friday-low prices for 24 hours on thousands of popular home furnishings.' In fact, Wayfair just announced a new gimmicky promotion Wednesday.

Moody's vice president Mickey Chadha also cited 'increased competitive and pricing pressures from e-commerce and other large discount retailers,' adding that competition 'has compelled the company to maintain a highly promotional marketing strategy.'īed Bath & Beyond, like many other traditional retailers, is facing intense competition from Amazon, Walmart and Home Depot as well as other specialty e-commerce companies like Wayfair. Moody's now has Bed Bath & Beyond's bonds rated Baa2 - two notches above junk level. Moody's, another major credit rating firm, cut its rating on Bed Bath & Beyond back in January as well.

Bed bath beyond stock long term outlook 2018