UNION, N.J. — Bed Bath & Beyond continues to dominate the home and housewares space and reported another quarter of impressive sales and earnings growth.
For its fourth quarter ended Feb. 25, the company reported net earnings of $351 million, or $1.48 per diluted share, an increase of approximately 32% versus net earnings $283.5 million, or $1.12 per diluted share, in the same quarter a year ago. Net sales for the fiscal fourth quarter of 2011 were approximately $2.7 billion, an increase of approximately 9.1% from net sales of approximately $2.5 billion reported in the fiscal fourth quarter of 2010. Comparable-store sales in the fiscal fourth quarter of 2011 increased by approximately 6.8%, compared with an increase of approximately 8.5% in last year's fiscal fourth quarter.
For the fiscal year, the company reported net earnings of $989.5 million, or $4.06 per diluted share, an increase of approximately 32% over net earnings of $791.3 million, or $3.07 per diluted share, a year ago. Net sales for fiscal 2011 were ap