Revenue of Bed Bath & Beyond Surpass Estimates

Revenue of Bed Bath & Beyond Surpass EstimatesDiscount offers along with promotions worked well for Bed Bath & Beyond Inc. the retailer which deals with home furnishings. The company announced better-than-expected revenue for this quarter as it could attract a larger number of customers to its stores.

The shares of the company dealing with house wares and bathroom provisions increased by almost seven percent in extended trading. The retailer also forecast a full year more-than-expected profit.

The sluggish growth of the U. S economy have left consumers looking for better deals and the retailers are grabbing the opportunity with promotional offers and reduced prices.

To make its presence felt online Bed Bath & Beyond has invested quite a bit. It has also spent for coupons to increase sales in the middle to tight competition from other online retailers selling similar product range at a cheaper price.

The net sales figure of the company increased to $2.94 billion for the second quarter which ended on August 30. Last year for the same period it was $2.82 billion. Same-store sales for the company increased approximately by
3.4 percent in the quarter.