Bed Bath and Beyond (BBBY) beat third quarter earnings expectations but the stock fizzled after hours, sliding about 4%.
BBBY posted 95 cents of EPS on $2.34 billion in revenue. EPS beat expectations by 6 cents, and revenue came in just shy of analysts ‘ expectations for $2.35 billion. The company reported that gross margin held steady at 40.9%, the first time in several quarters that the company had not increased its gross margin, the Wall Street Journal noted.
Same store sales rose 4.1%, against a 7% increase last year.
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