(BBBY – Free Report) just released its third-quarter fiscal 2017 financial results, posting earnings of 44 cents per share and revenues of $3 billion.
Currently, BBBY is a Zacks Rank #4 (Sell) and is down 2.32% to $24.00 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.36.
Beat revenue estimates. The company saw revenue figures of $3.0 billion, topping our consensus estimate $2.90 billion.
Total revenues were relatively flat year-over-year. Comparable-store sales increased about 0.3%. Comps from customer-facing digital channels “continued to have strong growth,” while comps from stores “decline in the low-single-digit percentage range.”
The company declared a quarterly dividend of $.15 per share, to be paid on April 17 to shareholders of record at the close of business on March 16. Management also said that its full-year earnings guidance of $3.00 per share has not changed.