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Bed Bath & Beyond: Revenue and Income Rose in 2Q15

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Bed Bath & Beyond’s price movement

Bed Bath & Beyond (BBBY) has a market cap of $10.06 billion. Its YTD (year-to-date) price movement is falling day by day. After the 2Q15 earnings report, Bed Bath & Beyond fell by 0.85% to close at $59.33 per share. The price movement on a weekly, monthly, and YTD basis is -4.12%, -1.23%, and -22.11%. It’s trading at -1.07% on a trailing five-day basis.

Technically, it has broken all of the support. It’s trading below the 20-day, 50-day, and 200-day moving averages. Currently, it’s trading -3.71% below the 20-day moving average, -6.54% below the 50-day moving average, and -16.36% below the 200-day moving average.

The SPDR S&P Homebuilders ETF (XHB) invests 3% of its holdings in Bed Bath & Beyond. XHB tracks a broad-based, equal-weighted index of US companies involved in the homebuilding industry. XHB’s YTD price movement is 5.18%.

Bed Bath & Beyond’s competitors and their market caps are:

  • Macy’s (M) – $17.24 billion
  • Target (TGT) – $49.68 billion
  • Kohl’s (KSS) – $9.30 billion
  • Restoration Hardware Holdings (RH) – $4.01 billion
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Bed Bath & Beyond’s performance in 2Q15

The company reported net revenue of $2,995.469 million in 2Q15—a rise of 9.38% compared to net revenue of $2,738.495 million in 1Q15. The net income and EPS (earnings per share) rose by 27.20% and 30.10%, respectively.

On the balance sheet, the cash and cash equivalents rose to $667.563 million—a rise of 8.50% in 2Q15. The short-term investment fell by 62.30%. The company has maintained the same ratio of 1.58 and 1.99 for the debt-to-equity ratio and the current ratio in 1Q15 and 2Q15.

About Bed Bath & Beyond

Bed Bath & Beyond is a retailer that sells a wide assortment of domestic merchandise and home furnishings. It operates under the names Bed Bath & Beyond, Christmas Tree Shops, Harmon or Harmon Face Values, buybuy Baby, World Market, Cost Plus World Market, or Cost Plus. The company also operates Lines Holdings—a provider of a variety of textile products, amenities, and other goods to institutional customers in hospitality, cruise line, healthcare, and other industries.

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