Bed Bath & Beyond Results Presentation Deck
Non-GAAP
Reconciliation*
(in thousands, except per share
data)
(unaudited)
14
Reconciliation of Adjusted Net (Loss) Earnings
Three Months Ended
November 30, December 1,
2019
2018
$
$
$
Reported net (loss) earnings
Pre-tax Adjustments:
Incremental inventory reserve for future markdowns
Severance costs
Goodwill and other impairments (a)
Shareholder activity costs
Gain on sale of a building
Total pre-tax adjustments
Tax impact of adjustments
Total adjustments, after tax
Adjusted net (loss) earnings
Reconciliation of Adjusted Net (Loss) Earnings per Diluted Share
Reported net (loss) earnings per diluted share.
Goodwill and other impairments, severance, shareholder
activity costs, incremental inventory reserve for future
markdowns and gain on sale of a building
(0.07)
(0.38) $
4.48
0.08 $
$
$
Adjusted net (loss) earnings per diluted share
(a) Goodwill and other impairments include: (1) goodwill, tradename and store asset impairments related to the North American
Retail reporting unit; and (2) tradename impairments related to the Institutional Sales reporting unit.
(38,552) $
(23,915)
11,781
(12,134)
3,786
(8,348)
(46,900) $
(0.31) $
24,354 $ (548,402) $
(28,281)
(28,281)
Nine Months Ended
November 30, December 1,
2019
2018
6,598
(21,683)
2,671 $
0.18 $
(0.16)
0.02
169,820
61,199
441,405
8,000
680,424
(121,565)
558,859
10,457
$
(4.40) $
The Company has not previously presented non-GAAP financial measures regarding its results for its fiscal 2018 third quarter. The Company is
presenting certain non-GAAP financial measures for its fiscal 2019 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 2018 periods in the reconciliation tables
above.
116,569
13,892
(28,281)
(14,389)
3,830
(10,559)
106,010
0.86
(0.08)
0.78
BED BATH &
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