Bed Bath & Beyond Posts 1st-Quarter Gains
From Bloomberg News
Bed Bath & Beyond Inc. said first-quarter net income rose 1.5%, helped by sales of china and health and beauty products.
Profit was damped as the company recorded higher expenses related to stock options, Union, N.J.-based Bed Bath & Beyond said. Net income increased to $100.4 million, or 35 cents a share, from $98.9 million, or 33 cents, a year earlier.
Revenue rose 12% to $1.4 billion. Sales at stores open at least a year, a key measure of retail health, gained 4.9%.
