Bed Bath & Beyond Inc
Net income fell to $141.4 million, or 55 cents per share, in the fourth quarter, from $172.9 million, or 66 cents per share, a year earlier.
Analysts, on average, were expecting the Union, New Jersey-based retailer to post earnings of 44 cents per share, according to Reuters Estimates. In January, the company forecast a range of 40 cents to 46 cents per share.
Sales slipped 0.5 percent to $1.92 billion, as sales at stores open at least a year, a key retail measure, fell 4.3 percent.
Bed Bath & Beyond shares rose $2.79 to $28.30 after the bell, after closing at $25.51 on the Nasdaq.
(Reporting by Martinne Geller; editing by Carol Bishopric)