Bed Bath & Beyond Results Presentation Deck
Q1 2019 Financial Results Summary
Net loss per diluted share of ($2.91), including an unfavorable impact of approximately $3.03 per diluted
share related to a non-cash impairment of goodwill and other intangible assets, as well as severance and
shareholder activity costs incurred during the quarter
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Adjusted net earnings per diluted share of $0.12, excluding the goodwill and other impairments, severance
and shareholder activity costs, at the high-end of our guidance range of between $0.07 and $0.12
Net sales declined ~6.6%, slightly below our guidance of $2.6 billion
Comp sales declined ~6.6%, including a high-single digit % decline in store comps, partially offset by slight
growth in our customer-facing digital channels
Retail inventories at the end of Q1 2019 were reduced by ~$124 million (~5%) vs Q1 2018
Cash and investments balance increased ~9% vs Q1 2018 to $923 million.
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