Union, NJ, September 22, 2005-- Bed Bath & Beyond reported second quarter earnings of $141.4 million, or $0.47 per share, an increase of nearly 18%. In the same quarter of the prior year the company posted earnings of $120 million, or $0.39 per share.
Analyst had estimated earnings $0.46 per share.
The company’s sales in the quarter were up 12% to $1.431 billion and a same-store sales increase of 4.5%.
As of August 27, 2005, Bed Bath & Beyond had 749 stores, including 15 opened during the quarter, although two have had to suspend operations due to the impact of Hurricane Katrina. Several other stores in the region, also affected for a few days, have since resumed operations, the company said.
