Content about Bed Bath & Beyond

Bed Bath & Beyond's earnings per diluted share for its second quarter rose 5.4% from 98 cents ($224.3 million) from 93 cents ($229.4 million) last year. 

Results just released from an NPD Group study indicates that consumers ages 65 and over accounted for 30% more in power tool sales and 16% more in outdoor power equipment sales in the 12 months ending March 2011 than they did in the previous year. 

The next age group, 45 years and up, accounted for 11% more in hand tool purchases in the same 12-month period than they did the previous year. 

Bed Bath & Beyond reported net earnings of $283.5 million in the fourth quarter ended Feb. 26, up 25.4% from $226.0 million in the same quarter last year. 

Comparable-store sales in the quarter increased 8.5%, as total sales increased 11.6% to $2.505 billion. 

For the full year, the company reported net earnings of $791.3 million, up from $600.0 million a year ago. Net sales for fiscal 2010 were $8.759 billion, an increase of 11.9% from $7.829 billion in the prior fiscal year. Comparable-store sales for fiscal 2010 were up 7.8%.

Bona US has announced the expansion of its distribution into major retail outlets in Canada and Mexico. In Canada, the Aurora, Colo.-based company will sell its floor care products through Lowe’s, Canadian Tire and Home Outfitters. In Mexico, the retail outlets will be Home Depot, Walmart, HEB and Bed Bath & Beyond.

Bona’s floor care products, made for hardwood, laminates, stone and tile, are already available in Europe.

Union, N.J.-based Bed Bath & Beyond posted third-quarter earnings of $188.6 million, up 24.6% from $151.3 million in the same quarter last year.

Sales in the three months ended Nov. 27 increased 11.1% to $2.19 billion, up from $1.98 billion last year. Comparable-store sales for the quarter increased by 7.0%.