TITLE

BBB Profits Not Enough For The Street

AUTHOR(S)
Hogsett, Don
PUB. DATE
September 2004
SOURCE
Home Textiles Today;9/27/2004, Vol. 26 Issue 5, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the profits earned by superstore retailer Bed Bath & Beyond Inc. Profits of Bed Bath & Beyond climbed 23.5 percent, rising to $120 million from $97.2 million. Wall Street and stock watchers grew suddenly antsy by a slowing rate of sales growth and drove the high-flying stock down 5 percent in unusually heavy trading on the New York Stock Exchange. Rising concerns about whether the retailer can still justify the lofty premiums a growth stock typically commands. While profits remained robust, climbing 23.5 percent helped by stronger margins and lower costs.
ACCESSION #
14550851

 

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