Home furnishings retailer Bed Bath & Beyond has reported net sales for the second quarter ended August 27, 2011 increased by 8.3% to $2.3bn (£1.5bn). Like-for-like store sales in the financial second quarter of 2011 increased by approximately 5.6% compared with the period the year before. Net earnings grew by 26.2% to $229m (£148m).
During the second quarter, the retailer opened three Bed Bath & Beyond stores, seven buybuy BABY stores and four Christmas Tree Shops. It also closed one Bed Bath & Beyond store. Consolidated store space as of August 27 was approximately 35.5 million sq ft (3.3 million sq m) with the company operating a total of 1,155 stores.