Bed Bath & Beyond has posted a net sales rise of 13.5% to $1.92bn (£1.27bn) for the first quarter of 2010. Like-for-like sales increased by about 8.4%. Net earnings rocketed 58% to $138m (£91.6m).

During the first quarter the retailer opened two Bed Bath & Beyond stores and two Buybuy Baby stores.

Co-chairman Leonard Feinstein said: “While the economic environment appears to be showing some signs of stabilising, it appears the consumer continues to face economic challenges and the pressures of the macro-economic environment still persist.”