Bed Bath & Beyond
reported third-quarter earnings that met analysts' expectations, thanks in part to 4.2% growth in same-store sales.
The home furnishings retailer said third-quarter earnings rose to $40.7 million, or 14 cents a share, from $31.7 million, or 11 cents a share, in the same period last year, meeting the
First Call/Thomson Financial
Sales for the quarter rose to $609.5 million from $486.5 million in the third quarter of 1999. During the third quarter, the company opened 37 new superstores and expanded two existing stores, bringing its total number of stores to 309 as of Nov. 25. Bed Bath & Beyond also plans to open about 80 superstores in the fiscal year beginning on March 4.