Summary
Sell-side analysts are still revising forward EPS and revenue lower, albeit to a smaller degree.
Comps and margins have shown no signs of improvement.
In the last 3 quarters inventory versus sales has shown progress, which has resulted in some improvement in working capital.
Bed Bath & Beyond (NASDAQ:BBBY) reports its fiscal Q2 '19 financial results after the closing bell on Wednesday, September 26, 2018, with Street consensus currently expecting earnings per share, or EPS, of $0.50 on $2.96 billion in revenue for an expected year-over-year (y/y) decline in EPS of 35% on a 1% increase in revenue.
You take your small victories where you can, and this will be the 4th consecutive quarter of flat or positive y/y revenue growth since the -2% revenue growth print in the August '17 quarter. That quarter may have been the low point for a number of metrics, although EPS did fall 48% y/y in the November '17 quarter.
