Bed Bath & Beyond Results Presentation Deck
Outlook
10
The Company expects its sales and profitability to remain
pressured during FY 2019 Q4
Considering these headwinds reflected in the Company's results to date,
and the ongoing work by recently appointed President & CEO Mark Tritton
to assess the business and finalize the details of the Company's go-forward
strategic plan as well as the extensive senior leadership changes within the
past month, the Company believes it is appropriate to withdraw its FY 2019
financial guidance.
Additional Information:
FY 2019 Q4 pre-tax earnings will include:
-~$11M of severance expense associated with extensive
leadership changes announced December 2019
-~$33M of a loss related to the sale-leaseback transaction
FY 2019 Capital Expenditures are now planned to be
lower at ~$275-$300M vs prior estimate of
~$350-$375M
BED BATH &
BEYONDView entire presentation