Just over 80 new stores are planned for next year on top of the 83 planned by the end of the current fiscal year. The company opened 40 new units during its Q3, which ended Nov. 26, and 17 are planned for the fourth quarter.
The company also operates the 38-store Harmon Stores, a discount cosmetics and health chain, as well as 29 Christmas Tree Shops, a chain of gift stores in the Northeast. Four Harmons and three Christmas Tree Shops are planned for this year, and executives are planning "several" of each to open in 2006.
During its Q3, the company's same-store sales rose 3.1% year-over-year, on net sales of about $1.5 billion, which increased 11%. Bed Bath & Beyond's net earnings shot up 10.4%, to $134.6 million.
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