Bed Bath & Beyond Results Presentation Deck
APPENDIX
fiscal 2020 Q3 net income bridge - non-gaap reconciliation*
(in thousands, except for share data)
(unaudited)
Gross profit
Gross margin
(Loss) earnings before provision
for income taxes
Tax benefit
Effective tax rate
Net (loss) income
Net earnings (loss) per share -
Diluted
Weighted average shares
outstanding- Basic
Weighted average shares
outstanding- Diluted
S
BED BATH & BEYOND
Reported
913,837
33.1 %
(46,937)
(8,385)
17.9 %
(38,552)
(0.31)
123,099
123,099 (¹)
Loss on sale
of
businesses
%
Impairment
on assets
held for sale
S
Three Months Ended November 30, 2019
Excluding
Restructuring
and
transformation Impairment
expenses
charges
%
11,781
11,781
Benefit from
reduction of
incremental
markdown
reserves
S
(23,915)
(0.8)%
(23,915)
(23,915)
Total income
tax impact
%
Total impact
$ (23,915)
(0.9)%
(12,134)
(3,786)
2.7%
3,786 $ (8,348)
(3,786)
2.7%
If a company
is in a net loss position, then for earnings per share purposes, diluted weighted average shares outstanding are equivalent to basic weighted average shares outstanding.
$
Adjusted
$
889,922
32.3 %
(59,071)
(12,171)
20.6 %
S (46,900)
(0.38)
123,099
123,099
* The Company is presenting certain non-GAAP financial measures for its fiscal 2020 third quarter. In order for investors to be able to more easily compare the Company's performance
across periods, the Company has included comparable reconciliations for the 2019 periods in the reconciliation table above and that follow.
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