Bed Bath & Beyond Results Presentation Deck
Q3 PERFORMANCE HIGHLIGHTS & TRANSFORMATION UPDATE
strong cash flow generation, balance sheet improvement and
capital return to shareholders
(1)
BED BATH & BEYOND (2)
(3)
Inventory
Reduction
(30%)
VS
LY
Positive Cash Flow Generation
Cash Flow¹
$244mn
Gross Debt
Reduction ²
($0.5bn)
vs Q2
Cash & Investments
Balance Sheet Strengthened / Return to Shareholders
($1.0bn)
vs Q1
$1.5bn
Strong
Total
Liquidity 3
$2.2bn
Share Repurchase
Increase
From
$675
to
$825mn
Cash flow generation includes cash flow from operations ($44mn) and cash flow from investing driven by proceeds from non-core banners and real estate monetization, net of capital expenditures ($200mn).
Gross Debt includes bond debt, revolver/ABL borrowing, and operating and finance lease liabilities.
Total Liquidity includes cash & investments and availability from asset-backed lending credit facility.
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