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Bed Bath & Beyond reports net earnings of $1.022B in fiscal 2013

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Union-based Bed Bath & Beyond Inc. announced Thursday its financial results for its fiscal year that ended March 1, 2014.

According to the announcement, the company reported net earnings of $1.022 billion, or $4.79 per share, compared with a year ago of $1.038 billion, or $4.57 per share. The reduction of about 6 to 7 cents was caused, the company said, by the disruptive winter weather in the fourth quarter.

Net sales for the year were $11.504 billion, which is an increase of 5.4 percent from sales of $10.915 billion in 2012.

As of March 1, the company has 1,496 stores, including 1,014 Bed Bath & Beyond stores in all 50 states, D.C., Puerto Rico and Canada, 265 stores under the names of World Market, Cost Plus World Market or Cost Plus, 90 buybuy BABY stores, 77 Christmas Tree Shops, Christmas Tree Shops andThat! Or andThat!, and 50 stores under the names of Harmon or Harmon Face Values, the company said in the announcement.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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