Bed Bath & Beyond Results Presentation Deck
Q4 2018 P&L Summary*
(amounts in millions, except comp%, and per share data)
Comp Sales %
Net Sales
(a)
Gross Profit
SG&A Expenses
Operating Profit
Net Earnings
EPS - Diluted
WAS - Diluted
Adjusted*
March 2, 2019 % of Sales
(1.4)
$3,308
1,147
934
213
159
$1.20
132
Three Months Ended
March 3, 2018
100.0
34.7
28.2
6.4
4.8
$3,716
1,333
996
337
194
$1.41
138
% of Sales
(0.6)
*Excluding the non-cash goodwill and tradename impairments charge. Please refer to the non-GAAP
reconciliation on the following page.
100.0
35.9
26.8
9.1
5.2
(a) Comp sales are determined using the same calendar weeks as fiscal 2018; therefore the Q4 comp
sales % compares the periods of December 2, 2018 - March 2, 2019 to December 3, 2017 -
March 3, 2018.
(b) Due to a decrease in merchandise margin and an increase in coupon expense.
Change
(1.2) (b)
(1.4) (c)
(2.6)
(0.4)
(c) Due to increases in technology related expenses, including related depreciation, and occupancy expenses, and
costs related to litigation settlement. These increases were partially offset by a decrease in payroll and payroll-
related items and advertising expenses, which includes a benefit of the shift of advertising expenses out of the
fourth quarter and into the third quarter, because of the impact of the new Revenue Recognition standard.
BED BATH &
BEYOND
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