Expect A Weak Fiscal 2018 For Bed Bath & Beyond
Bed Bath & Beyond (NASDAQ: BBBY) is scheduled to announce its fiscal fourth quarter results on Wednesday, April 10. The retailer expects its fourth quarter revenues to decline in the high single-digits. This is largely due to mixed holiday-season sales results, with revenue declining at its physical stores and rising only modestly in the online channel. In addition, the fiscal calendar shift also resulted in the movement of the post-Thanksgiving week from the fourth quarter into the third quarter. For full-year 2018, Bed Bath & Beyond now expects its comparable sales growth to decline by 1%, compared to a previous outlook of flat growth. Bed Bath & Beyond continues to expect to open a net 20 new stores (with the majority being buybuy BABY and Cost Plus World Market stores) and close approximately 40 stores (with the majority being Bed Bath & Beyond stores) for fiscal 2018.
We have created an interactive dashboard on what to expect from Bed Bath & Beyond’s fiscal Q4 and fiscal 2018, which outlines our forecasts for the company. You can change the expected revenue, operating margins and net margin figures for the company to gauge how it will impact its earnings. In addition, you can also see more Trefis Consumer Discretionary company data here.
Detailing Fiscal 2018 Forecast
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We expect Bed Bath & Beyond to report flat revenues in 2018. We also expect margin pressure to continue through fiscal 2018, due to an increase in net direct-to-customer shipping expense, growth in coupon expense, and continued investment in the company’s customer value proposition. This includes the impact from BEYOND+ and College Savings Pass programs, as well as the ongoing shift to its digital channels. In addition, Bed Bath & Beyond’s EPS figure declined more than 35% y-0-y in fiscal 2017 to $3.04. We expect the company’s earnings to witness declining trends in fiscal 2018 as well.
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