The retailer reported earnings per diluted share of 93 cents, which came up 2 cents short of analysts' expectations of 95 cents. Revenue of $2.66 billion was also $30 million short of the $2.69 billion consensus estimate. Bed Bath & Beyond issued second-quarter EPS guidance of $1.08 to $1.16, which was less than the $1.20 analysts had expected.
The stock was down 6.1% to $57.38 at 4:25 p.m.
Separately, TheStreet Ratings team rates BED BATH & BEYOND INC as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BED BATH & BEYOND INC (BBBY) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: