Shop Talk

Retailers, consumers and prices

Analyst bullish on Bed Bath & Beyond’s long-term prospects

By Justin Grant
January 2, 2008

The current sales environment has not been kind to home furnishings retailers of late, with consumer appetite for their wares falling due to an infirm U.S. housing market.

But with attractive promotions – such as free shipping offers and 20 percent off coupons — throughout the quarter, Bed Bath & Beyond is in line to meet Wall Street’s expecations and is well positioned for growth, CIBC World Markets analyst Vivian Ma wrote in a Jan. 2 research note.

“We remain bullish on (Bed Bath & Beyond’s) longer-term potential,” Ma wrote. “Growth should accelerate next year given roll out of Christmas Tree Shops, buybuy BABY and Canada. We continue to recommend (Bed Bath & Beyond) for long-term investors,” wrote Ma, who has a “sector outperformer” rating on the stock.

The retailer reports its third-quarter results on Thursday.

«
»

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •