Bed, Bath & Beyond Inc. (NASDAQ: BBBY) reported fiscal fourth quarter and full year 2012 earnings after markets closed today. The home furnishings company reported quarterly diluted earnings per share (EPS) of $1.68 on revenue of $3.4 billion. In the same period a year ago, the company reported EPS of $1.48 on revenue of $2.73 billion. Fourth-quarter results compare to the Thomson Reuters consensus estimates for EPS of $1.68 and $3.39 billion in revenue. The fourth quarter comprised 14 weeks and fiscal year 2012 comprised 53 weeks, compared with 13 weeks and 52 weeks in 2011, respectively.

For the full year, BB&B posted EPS of $4.56 on revenues of $10.92 billion compared with consensus estimates for EPS of $4.57 and revenues of $10.94 billion.

Same-store sales for the quarter rose 2.5%, compared with a rise of 6.5% in the fourth quarter a year ago. Full-year same-store sales rose 2.7% compared with a rise of 5.9% a year ago.

For the first quarter, the company guides earnings in the range of $0.88 to $0.94. For the full fiscal year, BB&B says net earnings will rise by “a mid single to a low double digit percentage.” The consensus estimates called for first quarter EPS of $0.95 and full-year EPS of $5.03.

The company completed two acquisitions in June and does not include those stores in computations of same-store sales. The outlook for the 2013 fiscal year includes earnings from the acquisitions.

It will be interesting to see if BB&B can demonstrate some consistent organic growth now that both Linen Holdings and World Market have been added to the fold. The company’s own first quarter estimate is not a hopeful sign.

Shares are up 1.5%in after-hours trading today, at $66.60, in a 52-week range of $54.33 to $75.84. Thomson Reuters had a consensus analyst price target of around $69.90 before today’s results were announced.

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