Bob's Furniture Sees Increased Sales Amid Gas Price Surge and Iran Tensions

Bob's Furniture CEO Bill Barton says the company has seen increased store traffic and higher-priced offerings despite soaring gas prices and waning consumer confidence. Q4 net sales reached $648.8 million, an 8.2% YoY increase, and EPS was $0.35, beating analyst estimates. Transportation costs are a wildcard, but Barton says Bob's has yearlong contracts and a playbook to deal with the issue.