Bed Bath & Beyond Earnings : What to Expect?
Bed Bath & Beyond (NASDAQ:BBBY) is scheduled to report its fiscal Q1 results on Wednesday, June 22. In Q4 2015, the company’s net sales increased 2.4% year-over-year to $3.42 billion. The company reported net earnings of $1.91 per diluted share, up about 6.1% over the prior year.
Going forward, the company expects margin pressure in fiscal 2016. The company plans to invest in additional costs associated with opening new stores, higher compensation costs for employees and technology-related expenses related to its web and mobile services. In the upcoming results, we expect the bottom line to decline owing to the higher expenses and continuing impact of the strengthening U.S. dollar.
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