Bed Bath and Beyond FY 4Q12 Earnings Call Notes

posted in: Notes | 0

This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. The quotes are generally pieces of information that I find interesting or helpful to understanding the company, industry or economy and are not meant to provide summaries of the full content of the call. Other posts in this series can be found by clicking here. Full transcripts can be found at Seeking Alpha.

“we currently operate 1,474 stores, consisting of 1,006 Bed Bath & Beyond stores…264 World Market stores; 83 buybuy BABY stores; 74 stores under the names Christmas Tree Shops or andThat!; and 47 stores under the names Harmon or Harmon Face Values…During fiscal 2013, including the 3 stores opened to date, we anticipate opening approximately 45 stores across all of our concepts”

“We believe that throughout the United States and Canada, there is an opportunity to operate an excess of 1,300 Bed Bath & Beyond stores”

“Looking back on 2012, we are pleased with the progress we have made in many areas….relocation of our buying offices from New York to our headquarters in Union, New Jersey…completed 2 acquisitions…made significant progress toward creating an enhanced omni-channel experience for our customers and have taken substantial steps in replacing both back-end and customer-facing systems…opened a new Internet fulfillment center in Georgia to support our growing online business…commenced the initial phase of a new IT Data Center to enhance our disaster recover capabilities and support our overall IT systems.”

[Note] BBBY Doesn’t do Q&A on conference call