Bed Bath & Beyond Results Presentation Deck
FINANCIAL OUTLOOK
portfolio transformation drives a significant reshape of P&L
Expect approx. $3bn reduction in net sales vs FY 2019 after banner divestitures and store closures
5 banner divestitures¹:
●
—
ONE KINGS LANE
NEW YORK
# of retail stores:
Personalization
BED BATH & BEYOND
MALL.COM
$11.2bn
>500 store closures planned (including 340 from divestitures and 200 from store network optimization
by the end of FY 2021)
2019
Actual
Net Sales
1,500
Christmas
Tree Shops
FY 2021 Comparable Sales Guidance: Recapture & Sustain Sales
Q1 (non-comp): RECAPTURE full sales opportunity vs prior year sales impact from store closures due to COVID-19
Q2-Q4: SUSTAIN sales level vs FY20 strong base
Guidance assumes flat comparable sales for financial planning purposes
Base 2019
Net Sales bridge
(1) Cost Plus World Market definitive agreement announced FY20 Q4.
Notes: Numbers may not add due to rounding; for illustrative purposes only.
That!
($2.2bn)
Non-Core
Asset Divestitures
Impact
HARBOR LINEN
ABD BATH&BEYOND COMPANY
COST PLUS
WORLD MARKET
Unique. authentic and always attordable.
$9.0bn
FY2019
Proforma
Net Sales
-1,100
($0.9 bn)
Store Closure
Impact
$8.0bn
to
$8.2bn
FY2021
Projected
Net Sales
-960
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