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Comparable sales increased approximately 0.4%, and comparable sales from our customer-facing digital channels grew in excess of 20% while sales from our stores declined in a low single-digit percentage range.įor the full year, net earnings per diluted share were $4.58. Net sales were approximately $3.5 billion, an increase of approximately 3.4% compared to the prior year period. Our earnings press release dated Apcan be found in the Investor Relations section of our Web-site at Here are some highlights.įor the fourth quarter, net earnings per diluted share were $1.84.
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The Company undertakes no obligation to update or revise any forward-looking statements as events or circumstances may change after this call. Please refer to our most recent periodic SEC filings for more detail on these risks and uncertainties. All such statements are subject to risks and uncertainties that could cause actual results to differ materially from what we say during the call today. Joining me on our call today are Steve Temares, Bed Bath & Beyond's Chief Executive Officer and member of the Board of Directors Gene Castagna, Chief Operating Officer and Sue Lattmann, Chief Financial Officer and Treasurer.īefore we begin, I'd like to remind you that this conference call may contain forward-looking statements including statements about or references to our internal models and our long-term objectives. Thank you, Adrienne, and good afternoon everyone.
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To access the rebroadcast, you may dial 88 with a passcode ID of 44538918.Īt this time, I would like to turn the call over to Janet Barth, Vice President, Investor Relations. A rebroadcast of the conference call will be available beginning on Wednesday, Apat 7.30 PM Eastern Time through 7.30 PM Eastern Time on April 7, 2017. Today's conference call is being recorded. All participants will be in listen-only mode until the Q&A portion of the call. Welcome to the Bed Bath & Beyond's fourth quarter fiscal 2016 earnings call. ( NASDAQ: BBBY) Q4 2016 Earnings Conference Call Ap5:00 PM ET Note: We do not offer technical support for developing or debugging scripted downloading processes.Bed Bath & Beyond Inc. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. We reserve the right to block IP addresses that submit excessive requests. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. More Information Internet Security Policyīy using this site, you are agreeing to security monitoring and auditing. For more information, contact more information, please see the SEC’s Web Site Privacy and Security Policy.
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