Bed Bath & Beyond - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht
|Land||Vereinigte Staaten von Amerika|
|Indizes||NASDAQ 100NASDAQ Comp.S&P 500|
|Rohdaten nach||US GAAP in Millionen USD|
|Aktiensplits||2000-08-14 - 2:1 | 1998-08-03 - 2:1 ||
|Letztes Bilanz Update||25.04.2017|
|Fundamental Verhältnisse errechnet am: 21.07.2017|
13. SUMMARY OF QUARTERLY RESULTS (UNAUDITED) FISCAL 2015 QUARTER ENDED FISCAL 2014 QUARTER ENDED (in thousands, except per share data) May 30, 2015 August 29, 2015 November 28, 2015 February 27, 2016 May 31, 2014 August 30, 2014 November 29, 2014 February 28, 2015 Net sales $ 2,738,495 $ 2,995,469 $ 2,952,031 $ 3,417,892 $ 2,656,698 $ 2,944,905 $ 2,942,980 $ 3,336,593 Gross profit 1,044,133 1,140,950 1,115,311 1,319,916 1,030,885 1,134,045 1,128,974 1,325,875 Operating profit 273,269 350,194 292,858 498,582 300,701 368,741 352,683 532,168 Earnings before provision for income taxes 253,368 325,141 274,806 474,130 298,607 359,213 333,114 512,901 Provision for income taxes 94,917 123,463 96,990 170,586 111,555 135,260 107,706 191,840 Net earnings $ 158,451 $ 201,678 $ 177,816 $ 303,544 $ 187,052 $ 223,953 $ 225,408 $ 321,061 EPS-Basic (1) $ 0.94 $ 1.22 $ 1.10 $ 1.93 $ 0.94 $ 1.18 $ 1.24 $ 1.83 EPS-Diluted (1) $ 0.93 $ 1.21 $ 1.09 $ 1.91 $ 0.93 $ 1.17 $ 1.23 $ 1.80 (1) Net earnings per share ("EPS") amounts for each quarter are required to be computed independently and may not equal the amount computed for the total year.
C. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. The Company accounts for its investment in the joint venture under the equity method. Certain reclassifications have been made to the fiscal 2014 and 2013 consolidated statements of cash flows to conform to the fiscal 2015 consolidated statement of cash flows presentation. All significant intercompany balances and transactions have been eliminated in consolidation.
Sales are recognized upon purchase by customers at the Company’s retail stores or upon delivery for products purchased from its websites. The value of point-of-sale coupons and point-of-sale rebates that result in a reduction of the price paid by the customer are recorded as a reduction of sales. Shipping and handling fees that are billed to a customer in a sale transaction are recorded in sales. Taxes, such as sales tax, use tax and value added tax, are not included in sales.
Revenues from gift cards, gift certificates and merchandise credits are recognized when redeemed. Gift cards have no provisions for reduction in the value of unused card balances over defined time periods and have no expiration dates.
Sales returns are provided for in the period that the related sales are recorded based on historical experience. Although the estimate for sales returns has not varied materially from historical provisions, actual experience could vary from historical experience in the future if the level of sales return activity changes materially. In the future, if the Company concludes that an adjustment to the sales return accrual is required due to material changes in the returns activity, the reserve will be adjusted accordingly.
|V.||Earnings per Share
The Company presents earnings per share on a basic and diluted basis. Basic earnings per share is computed by dividing net earnings by the weighted average number of shares outstanding. Diluted earnings per share is computed by dividing net earnings by the weighted average number of shares outstanding, including the dilutive effect of stock-based awards as calculated under the treasury stock method.
Stock-based awards of approximately 2.6 million, 1.7 million and 1.2 million shares were excluded from the computation of diluted earnings per share as the effect would be anti-dilutive for fiscal 2015, 2014 and 2013, respectively.