Bed Bath & Beyond Results Presentation Deck slide image

Bed Bath & Beyond Results Presentation Deck

■ Second Quarter Highlights Consistent with our recent communication, Net Sales of approx. $1.44B and Comparable¹ sales of (26)% ▪ Bed Bath & Beyond banner Comparable¹ Sales decline of (28) % reflecting legacy merchandise assortment, out of stocks, and continued trends in customer traffic ■ ■ ■ Q2'FY22 RESULTS ■ ■ PERIOD ENDING AUGUST 27, 2022 - buybuy BABY Comparable¹ Sales decline in the high-teens compared to high-teens growth last year; held market share relative to mass market retailers Launch of Welcome RewardsTM during the quarter with current membership of more than 6.3 million, including 30% increase in new members GAAP and Adjusted Gross Margin of 27.7% Adj. Gross Margin reflects 260bps of negative impact from accelerated inventory clearance activity at the BB&B banner ▪ Includes 100bps of transient supply chain-related port fees which the Company expects to recede by year-end Double-Digit improvement in Inventory to Net Sales gap versus last quarter Support from our supplier partners remains solid with payables considerably healthier vs. prior quarter Current liquidity of $0.85 billion, including recently completed financing ATM offering recently launched with approximately three million shares sold for proceeds of approximately $30 million Aligned and focused on driving continued sequential improvement with strengthened financial position BED BATH & BEYOND 4
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