Bed bath & beyond reports results for fiscal 2019 q4 and full year

. reports results for fiscal 2019 fourth quarter and full year.q4 adjusted earnings per share $0.38 excluding items.q4 loss per share $0.53.fiscal q4 net sales decrease 6.1%; comparable sales decrease 5.6%.fiscal q4 comparable sales from stores decrease 10%; comparable sales from digital channels increase 16%.suspended prior plans to spend up to $600 million in fiscal 2020 for share repurchases, future dividends, and debt reduction.bed bath & beyond - during fiscal 2019 q4, did not undertake any open market share repurchase activity.company's q1 and full-year 2020 results will be unfavorably impacted by covid-19 pandemic.bed bath & beyond - on april 2, extended temporary closure of all retail banner stores across us, canada, other than buybuy baby, harmon face values stores until may 2.company will not provide financial guidance for fiscal 2020 at this time.prioritizing approximately $250 million in essential capital expenditures to drive strategic growth plans.net sales for the fiscal 2019 fourth quarter were $3.1 billion, a decrease of 6.1% compared to the prior year period.bed bath & beyond- retail inventories of $2.0 billion (at cost) reflected a reduction of approximately 20% or $516 million (at cost), during fiscal 2019 q4.q4 revenue view $3.07 billion -- refinitiv ibes data.cash and investments balance at end of 2019 increase 39% to approximately $1.4 billion.
BBBY Ratings Summary
BBBY Quant Ranking