Morningstar Rating

Stock Research and Analysis

by Jaime M. Katz, CFA

Bulls Say

Less discretionary categories such as linens, towels, cookware, and small appliances offer some resiliency amid macroeconomic cyclicality. Registries in bridal, baby, and gift provide a stable source of customers.
While the Bed Bath & Beyond concept is near saturation domestically, buybuy BABY, Harmon, and Cost Plus have a long runway for growth. E-commerce growth also provides some upside to our revenue estimate.
The firm has sizable international growth potential. The first Bed Bath & Beyond store opened in Canada in 2007, followed by Mexico in 2008 through a joint venture. Read more 

Bears Say

Low customer switching costs, along with the growth of e-commerce and mass-merchant competitors, could pressure long-term margins.
New homeowners represent a large portion of home-related purchases, tying results to the unpredictable housing market and housing turnover.
Increased promotional activity (and couponing for Bed Bath) has created a challenging environment for home furnishing retailers and manufacturers. Read more 


We've assigned Bed Bath & Beyond a Standard stewardship rating. In general, we consider management to be excellent operators with a strong history of balancing rapid growth and profitability. Cofounders Warren Eisenberg and Leonard Feinstein are   Read more 


Bed Bath & Beyond is a premier home-furnishings retailer, operating more than 1,500 stores in all 50 states, Puerto Rico, Canada, and Mexico. Stores carry an assortment   Read more 

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