* Q4 EPS $1.48 vs est $1.33
* Q4 sales rose 9.1 pct to $2.73 bln
* Q4 comp sales up 6.8 pct
* Sees Q1 EPS $0.79-$0.83 vs est $0.82
* Shares up 4 pct after market
April 4 (Reuters) – Bed Bath & Beyond Inc reported
quarterly results that beat Wall Street expectations as shoppers
spent more to spruce up their homes, sending the retailer’s
shares up more than 4 percent after the bell.
Fourth-quarter profit at the retailer, which sells
everything from toasters to shower curtains, rose to $351.0
million, or $1.48 a share, from $283.5 million, or $1.12 a
share, a year ago.
Sales at the operator of the Bed Bath & Beyond, Christmas
Tree Shops, Harmon and buybuy Baby chains rose 9.1 percent to
$2.73 billion.
Analysts, on average, were expecting a profit of $1.33 per
share, on revenue of $2.66 billion, according to Thomson Reuters
I/B/E/S.
Fourth-quarter comparable-store sales rose 6.8 percent.
For the current quarter, the retailer forecast a profit of
79 cents to 83 cents a share. Analysts are expecting a profit of
82 cents a share.
The Union, New Jersey-based company said it expects
full-year earnings to rise by high-single to low-double digit
percentage levels.
Bed Bath & Beyond shares were trading up at $69.38 in
extended trade. They closed at $66.23 on Wednesday on the
Nasdaq.
