Bed Bath & Beyond Inc. – Company Information

bed bath and beyond logo
Company Bed Bath & Beyond Inc.
Headquarters 650 Liberty Avenue, Union, New Jersey 07083
CEO Steven H. Temares
CFO Susan E. Lattmann
Industry Home Products
Founders Warren Eisenberg and Leonard Feinstein
Founded 1971
Type Public
NASDAQ stock symbol BBBY
Revenue $11.881 billion (2015)
Net income $957.474 million (2015)
Earnings per share $5.07 USD (2014)
Employees 60,000 (2015)
Investor relations contact number:  908-855-4554

Bed Bath & Beyond Inc. is an American company that operates a number of domestics merchandise and home furnishings retail stores across the US, Canada, and Mexico.

It is based in Union, New Jersey and publicly listed on the NASDAQ Stock Exchange under the stock ticker symbol ‘BBBY’.

The company’s stores run under the following brand names: Bed Bath and Beyond, World Market, Cost Plus World Market, Christmas Tree Shops, and That!, Harmon, Harmon Face Values, and buybuy BABY.

Bed Bath & Beyond Inc. has more than 1,400 stores. They usually range in size from 15,000 to 50,000 square feet.

Products that the company sells are mainly for bedrooms, bathrooms, kitchens, and dining rooms.

Bed Bath and Beyond Inc. also operates Linen Holdings, which is a business-to-business distributor of a variety of textile products.

The company was founded by Warren Eisenberg and Leonard Feinstein. Their first store opened in Northern New Jersey under the name “Bed ‘n Bath” in 1971. By 1985 the two businessmen had 17 stores across the country.

Income statement data (in $ thousands) 2015*1 2014*2
Net sales $11,881,176 $11,503,963
Cost of sales $7,261,397 $6,938,381
Gross profit $4,619,779 $4,565,582
Selling, general and administrative expenses $3,065,486 $2,950,995
Operating profit $1,554,293 $1,614,587
Earnings before provision for income taxes $1,503,835 $1,613,447
Net earnings $957,474 $1,022,290
Balance sheet data (in $ thousands)
Total assets $6,758,993 $6,356,033
Total liabilities $4,015,803 $2,414,746
Total shareholders’ equity $2,743,190 $3,941,287
Common share data (in $)
Earnings per Common Share – Basic $5.13 $4.85
Earnings per Common Share – Diluted $5.07 $4.79
Cash flow data (in $ thousands)
Net cash provided by operating activities $1,185,848 $1,393,563
Net cash provided by (used in) investing activities $48,769 $(363,382)
Net cash used in financing activities $(712,290) $(1,221,891)
Cash and cash equivalents at beginning of period $366,516 $564,971
Cash and cash equivalents at end of period $875,574 $366,516

*Years Ended February 28, 2015

*Years Ended March 1, 2014

Source: “Bed Bath & Beyond Inc. Form 10-K 2015”