Their first quarter EPS was 89 cents, up 24% from the previous year, while analysts predicted earnings of 85 cents. Sales rose to $2.22 billion (about 5%), a bit short of analysts’ estimates of $2.25 billion. BBBY has been trading in the 52-week range of $48.75 and $75.84.

They expect their EPS to increase around 10% for the full year. Forecast earnings reports exclude the announcement of BBBY’s acquisition of a similar home decorating retailer, Cost Plus Inc. for $550 million. Bed Bath & Beyond CEO Steven Temares said “despite the ongoing economic challenges that are affecting consumers, our fundamental business strategy remains unchanged: to offer a broad assortment of merchandise at everyday low prices with superior customer service.”

David Cornes holds a degree in economics from the University of Montana.