Bed Bath & Beyond Results Presentation Deck
APPENDIX
non-gaap reconciliation*
(in thousands, except for share data) (unaudited)
Reconciliation of Adjusted Net Earnings (Loss)
Reported net earnings (loss)
Pre-tax Adjustments:
Incremental inventory reserve for future markdowns
Impairments (a)
Restructuring and transformation initiative costs
Severance costs
Gain on sale of business
Gain on extinguishment of debt
Costs associated with portfolio optimization strategy
Total pre-tax adjustments
Taximpact of adjustments
Total adjustments, after tax
Adjusted net earnings
Three Months Ended
BED BATH & BEYOND
August 29,
2020
$ 217,900
$
(23,000)
29,176
27,128
(189,528)
(77,038)
3,750
(229,512)
73,863
(155,649)
62,251
August 31,
2019
(138,765)
193,735
28,357
22,537
244,629
(63,964)
180,665
41,900
(a) Impairments include tradename and store asset impairments related to the North American Retail reporting unit.
* The Company is presenting certain non-GAAP financial measures for its fiscal 2020 second 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 2019 periods in the reconciliation table above and that follow.
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