LYCOS RETRIEVER 
Bath: Bed Bath
built 652 days ago
Bed Bath & Beyond Inc. and subsidiaries (the "Company") is a chain of retail stores, operating under the names of Bed Bath & Beyond, Christmas Tree Shops, Harmon, Harmon Face Values and buybuy BABY. The Company sells a wide assortment of merchandise principally including domestics merchandise and home furnishings as well as food, giftware, health and beauty care items and infant and toddler merchandise. Shares of Bed Bath & Beyond Inc. are traded on NASDAQ under the symbol "BBBY" and are included in the Standard and Poor's 500 and Global 1200 Indices and the NASDAQ-100 Index. The Company is counted among the Fortune 500 and the Forbes 2000.
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UNION, N.J., June 27 /PRNewswire-FirstCall/ -- Bed Bath & Beyond Inc. today reported net earnings of $.38 per diluted share in the fiscal first quarter ended June 2, 2007. In the fiscal first quarter of 2006 the Company reported net earnings of $.35 per diluted share. Net sales for the fiscal first quarter of 2007 were approximately $1.553 billion, an increase of approximately 11.3% from net sales of $1.396 billion reported in the fiscal first quarter of 2006. Comparable store sales for the fiscal first quarter of 2007 increased by approximately 1.6%, on top of an increase of approximately 4.9% in last year's fiscal first quarter.
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Bed Bath & Beyond Inc. ... announced that its Board of Directors has authorized a new $1 billion share repurchase program, which will commence after the completion of the current share repurchase program. This is the fourth share repurchase program authorized by the Company's Board of Directors since 2004, and upon the completion of the new $1 billion share repurchase program, the Company will have purchased almost $3 billion of its common shares. No date has been established for the completion of the new program.
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As of December 1, 2007, the Company operated a total of 946 stores, including 859 Bed Bath & Beyond stores (28 of which were opened during the fiscal third quarter) in 49 states, the District of Columbia and Puerto Rico. Also as of that date, buybuy BABY operated 8 stores in 4 states and Harmon operated 40 stores in 3 states (1 of which was opened during the fiscal third quarter) under the names Harmon and Harmon Face Values. In addition, Christmas Tree Shops operated 39 stores in 10 states (3 of which were opened during the fiscal third quarter). Consolidated store space as of December 1, 2007 was approximately 29.5 million square feet. Since the beginning of the fiscal fourth quarter on December 2, 2007, 2 additional Bed Bath & Beyond stores, including the Company's first store in Canada, have been opened.
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As of September 1, 2007, the Company operated a total of 914 stores, including 831 Bed Bath & Beyond stores (10 of which were opened during the fiscal second quarter) in 48 states, the District of Columbia and Puerto Rico. In addition, as of that date, Christmas Tree Shops, Inc. operated 36 stores in 10 states (1 of which was opened during the fiscal second quarter), buybuy BABY operated 8 stores in 4 states and Harmon Stores, Inc. operated 39 stores in 3 states. Consolidated store space as of September 1, 2007 was approximately 28.6 million square feet. Since the beginning of the fiscal third quarter on September 2, 2007, 8 additional Bed Bath & Beyond stores have been opened, including the Company's first store in the state of Wyoming.
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This is a Victorian-style building, quite unique among the more usual Georgian buildings for which Bath is famous. Although it is slap bang in the middle of Bath, a city designed basically for sedan chairs, it offers ample car parking and yet is only a few minutes walk from the famous shopping centre and Bath's famous tourist attractions. All rooms, including family suites, have en suite facilities, television, telephones, hairdryers and tea/coffee making amenities. Breakfast is served in an attractive dining room with large windows that overlook Henrietta Park opposite. Perhaps because it is surrounded by good restaurants and bistros, the Villa Magdela offers bed and breakfast only. Special rates for mid-week breaks are available from November to March.
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