Bed Bath & Beyond (NASDAQ:BBBY) is set to release earnings after the market closes on Thursday, June 22nd. Both Wall Street and Estimize believe this will be a down quarter in comparison to the jump we saw from FQ3’16 to FQ4’16. The Estimize community has come to a consensus of $0.67 for EPS and $2,797 M for revenue , which is roughly in line with the Street ($0.66 and $2,798 M).
Bed Bath & Beyond is known for their vast array of household items ranging from pots, pans, pillows and as-seen-on-TV gadgets. However their diversity of products does not protect them from the retail sector slowdown. Same-store sales continue to decline as the shift to e-commerce raises their online sales by 20%. One would expect the closing of brick-and-mortar stores, but the opposite is occurring and they are planning to open 30 new stores by years end. Bed Bath & Beyond is currently floating around their 52-week low and has a price target of $38.00.