Share information about home and garden products big sale. Stock Market News and Prices about Bed Bath and Beyond and Amazon.
Vancouver, BC -- (SBWIRE) -- 10/09/2013 -- Both Bed Bath & Beyond and Amazon are top companies in marketing of bedding, bath, kitchen, home and garden products. Even Amazon is an online marketer and Bed Bath & Beyond is doing offline business mainly, They are still big competitors. In coming holidays season, their sales will be quick.
Bed Bath & Beyond Inc. reported net earnings of $1.16 per diluted share ($249.3 million) in the fiscal second quarter ended August 31, 2013, an increase of approximately 18.4% versus net earnings of $0.98 per diluted share ($224.3 million) in the same quarter a year ago. Net sales for the fiscal second quarter of 2013 were approximately $2.824 billion, an increase of approximately 8.9% from net sales of approximately $2.593 billion reported in the fiscal second quarter of 2012. Comparable store sales in the fiscal second quarter of 2013 increased by approximately 3.7%, compared with an increase of approximately 3.5% in last year's fiscal second quarter.
As of August 31, 2013, the Company had a total of 1,484 stores, including 1,009 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico and Canada, 266 stores under the names of World Market, Cost Plus World Market or Cost Plus, 86 buybuy BABY stores, 74 stores under a combination of the names of Christmas Tree Shops or andThat!, and 49 stores under the names of Harmon or Harmon Face Values.
Bed Bath and Beyond’s stock price was closed at $75.85 on October 8, 2013.
Amazon.com, Inc. also announced financial results for its second quarter ended June 30, 2013.
Net sales increased 22% to $15.70 billion in the second quarter, compared with $12.83 billion in second quarter 2012. Excluding the $392 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 25% compared with second quarter 2012.
Operating income decreased 26% to $79 million in the second quarter, compared with $107 million in second quarter 2012. The unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was $18 million.
Net loss was $7 million in the second quarter, or $0.02 per diluted share, compared with net income of $7 million, or $0.01 per diluted share, in second quarter 2012.
Bedding & Bath products sales on Amazon contributes a lot to this company’s market performance. The share price of Amazon.com Inc. closed at $303.23 on October 8, 2013.
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