By Micah Maidenberg

Bed Bath & Beyond Inc.'s (BBBY) profit fell in its fiscal third quarter, as expenses--for everything from interest payments to management costs--increased.

The retailer reported earnings of $24.4 million, or 18 cents a share, in the quarter ended Dec. 1, compared with $61.3 million, or 44 cents a share, in the comparable quarter a year earlier. The most recent performance was in line with the 18 cents a share analysts polled by FactSet expected.

Sales increased 2.6% to $3.03 billion. Analysts predicted $3.05 billion, according to FactSet. Comparable-store sales fell 1.8%.

The company's cost of sales rose 6% from a year earlier to $2.03 billion, and selling, general and administrative costs were up 2%.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

January 09, 2019 17:10 ET (22:10 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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