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As of Aug 26, Bed Bath & Beyond had shares worth

As of Aug 26, Bed Bath & Beyond had shares worth $1.6 billion remaining under its existing program.Further, the company declared a quarterly cash dividend of 15 cents per share, which is payable on Jan 16 to shareholders on record as of Dec 15.

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As of Aug 26, Bed Bath & Beyond had shares worth $1.6 billion remaining under its existing program.

Further, the company declared a quarterly cash dividend of 15 cents per share, which is payable on Jan 16 to shareholders on record as of Dec 15.

Price, Consensus and EPS Surprise | Bed Bath & Beyond Inc.

Quote  Q2 in Detail The company’s quarterly adjusted earnings of 75 cents per share declined 32.4% year over year, coming well below the Zacks Consensus Estimate of 95 cents.

Likewise, the operating profit margin contracted about 360 bps from the prior-year quarter to 5.8%.

Financial Position Bed Bath & Beyond ended the quarter with cash and cash equivalents of about $464 million, long-term debt of $1,491.8 million, and total shareholders' equity of roughly $2,721.7 million.

.6 billion remaining under its existing program.Further, the company declared a quarterly cash dividend of 15 cents per share, which is payable on Jan 16 to shareholders on record as of Dec 15.

In fiscal 2017, management intends to open 25 new stores, while it plans to close 15 stores. Management highlighted that it is on track with various transformation efforts to become the customers’ first choice.Firstly, the company is focused on improving operational efficiency, which includes transformation of information technology group and related business processes to meet consumers’ evolving demand.In this regard, the company adopted a new model to better recognize and prioritize its technology related needs. BBBY reported second straight quarter of lower-than-expected results in second-quarter fiscal 2017.Apart from lagging the Zacks Consensus Estimate, both the top and bottom lines fell year over year.Results were hurt by about 2 cents from expenses related to Hurricane Harvey and 1 cent from the adoption of new accounting standard.The bottom line was also hit by costs related to investments in enhancing customer service and product satisfaction, alongside improving marketing and technology.Also, it has set up a strategic portfolio management office (“SPMO”) to allocate its resources toward more profitable areas.Notably, through the SPMO, management is creating an integrated portfolio of strategies to improve gross margin, optimize inventory levels, enhance supply chain and implemen customer service transformation.Further, the home-furnishing retailer’s net sales dipped 1.7% to ,936.4 million, which fell short of the Zacks Consensus Estimate of ,006.1 million.Sales were primarily hurt by soft comparable store sales (comps), somewhat compensated by gains from a 0.9% rise in non-comp sales including PMall, One Kings Lane and new stores.

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