Bed Bath & Beyond, Nothing beyond Bed and Bat h at FinGad.com

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Bed Bath & Beyond, Nothing beyond Bed and Bat h

Categorie: Equities
Submitted 11 months ago by

Dan , Chairman and CEO at Labi Group

Bed Bath & Beyond Inc (NASDAQ GS:BBBY)Nothing beyond Bed and Bath. Analysts lowered industry view of retailers to cautious from in-line, a downgrade aimed mainly at major retailers, on expectations of lower margins in 2008 at a time when the Federal Reserve is unlikely to keep loosening monetary policy. These retailers are expected to be affected by a drop in discretionary spending. Retail is down 11% year-to-date and Street EPS (estimates) remain too high. Analysts expect 60% of major retailers to post lower margins in 2008 with EPS growth of 9% versus Wall Street's 14% mean estimate. Estimates say 2008 sales growth of 2.5%, down from 4% in 2007. Without a recession, the Fed is unlikely to cut key interest rates further. Cuts would have boosted retailer's stock prices during the slow-growth period and credit bubble makes any buyouts difficult.The Company is a chain of retail stores, sells an assortment of merchandise such as domestic merchandise and home furnishings as well as food, giftware and health and beauty care items. Operating in the highly competitive retail industry, the Company, along with other retail companies, is influenced by a number of factors like consumer preferences and spending habits, general economic conditions, unusual weather patterns, competition from existing and potential competitors and the ability to find suitable locations at acceptable occupancy costs to support the Company’s expansion program.<... More...

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#1 | Jatin_p @ 10 months ago User Rank : 6 Portfoilo Balance: $50,000.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: really a gud article: D

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