Bed Bath & Beyond Results Presentation Deck
Q3 2019
P&L Summary
(amounts in millions, except
comp sales %, % of sales,
and (loss) earnings per share
data)
8
00
Comp Sales %
Net Sales
Gross Profit
SG&A Expenses
Operating (Loss) Profit
Net (Loss) Earnings
EPS - Diluted
WAS - Diluted
November 30, 2019
$2,759
$890 (a)
$932
($42)
(a)
($47) (a)
($0.38) (a)
123
Three Months Ended
% of Sales
(8.3)
100.0
32.3
33.8
(1.5)
(1.7)
December 1, 2018
$3,032
$1,004
$982 (b)
$21 (b)
$3 (b)
$0.02 (b)
134
% of Sales
(1.8)
100.0
33.1
32.4
0.7
0.1
% Change
(0.8) (c)
(1.4) (d)
(2.2)
(1.8)
(a) Excludes the adjustment to the incremental inventory reserve for future markdown and the store impairment charge.
(b) Excludes the gain from the sale of a building.
(c) As a percentage of net sales, primarily due to a decrease in merchandise margin, driven by a higher level of
promotional activity in the quarter, which was partially offset by a decrease in net direct-to-customer shipping
(d) As a percentage of net sales, the 140 bps increase was primarily due to the effect of fixed costs, such as occupancy and
technology-related expenses, including depreciation, on a lower sales base, as well as from higher advertising
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