Bed Bath & Beyond Results Presentation Deck

Q2 2020 FINANCIAL RESULTS gross margin expansion · Adj. Gross Margin increased ~200bps to 35.9% vs 33.9% in FY19 Q2 driven primarily by: - Favorable product mix, including lower coupon expense and better optimization of promotion & markdowns Leverage of distribution and fulfillment costs Partially offset by higher digital channel mix, including higher net direct-to-customer shipping expense BED BATH & BEYOND FY19 Q2 vs FY20 Q2-gross margin bridge 33.9% FY19 Q2 Adj. Gross Margin 150bps Product Mix/Lower Coupon Expense / Optimization of Promo & Markdowns 190ps -200bps Leverage of Distribution/ Fulfillment Costs (135ps) Channel Mix / DTC Shipping Expense 35.9% FY20 Q2 Adj. Gross Margin 16

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