Bed Bath & Beyond Results Presentation Deck
FINANCIAL OUTLOOK
Portfolio & Financial Transformation
2019
Net Sales of $11B
[Core Net Sales of $9B]
Adj. Gross Margin
approx. 33%
Adj. EBITDA $465M
[Core EBITDA $425M]
EPS
$0.46
Approx. 126 million
ending total shares
non-core banner divestitures &
store fleet optimization
BED BATH & BEYOND
up approx. 100 to 200 bps
core flat to approx. 10%
smaller, streamlined base
approx. 1.5x to 2.5x higher
>20% reduction through share repurchases;
total of $700M
2021
Net Sales
$8.1B to $8.3B
Adj. Gross Margin
approx. 34.0% - 35.0%
Adj. EBITDA
$425M to $465M
EPS
$0.70 to $1.10
Approx. 100 million*
ending total shares
*Represents total, ending shares outstanding available for share repurchases. The Company has guided to WEIGHTED AVERAGE SHARES of approximately 105 M related to its FY 2021 EPS guidance. Please refer to slides 13 and 14 for additional details.
Note: Adj. gross margin, adj. SG&A, adj, EBITDA & adj. EPS are non-GAAP financial measures. For a reconciliation to comparable GAAP measures, see Appendix of this presentation.
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