Bed Bath & Beyond Results Presentation Deck
APPENDIX
Q1'21 Non-GAAP Reconciliation
Gross Profit
Gross margin
Restructuring and transformation
initiative expenses
(Loss) earnings before (benefit)
provision for income taxes
(Benefit) provision for income taxes
Effective tax rate
Net income (loss)
Net (loss) earnings per share - Diluted
Weighted average shares outstanding-
Basic
Weighted average shares outstanding-
Diluted
Reported
$ 633,694
Depreciation and amortization
Loss on extinguishment of debt
Interest expense
(Benefit) provision for income taxes
EBITDA
EBITDA as % of net sales
32.4%
33,686
(88,137)
(37,263)
42.3 %
$ (50,874)
(0.48)
106,772
Loss on Sale of
Businesses
106,772 (1)
Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
Net (loss) income
$
$
(50,874)
68,278
265
16,000
(37,263)
(3,594)
$
$
3,989
%
3,989
3,989
3,989
Loss on
extinguishment
of debt
$
$
265
265
265
(265)
Three Months Ended May 29, 2021
Excluding
Restructuring and
Transformation
Expenses
47,344
$
$
2.4 %
(33,686)
81,030
81,030
81,030
(4,484)
76,546
Impairment
charges
$
$
9,129
%
9,129
9,129
9,129
Total income tax
impact
$
%
38,614
(20.8)%
(38,614)
$ (38,614)
(1) If a company is in a net loss position, then for earnings per share purposes, diluted weighted average shares outstanding are equivalent to basic weighted average shares outstanding.
38,614
Total Impact
$ 47,344
2.4%
$
$
$
(33,686)
94,413
38,614
(20.8)%
55,799
0.53
106,772
106,772
55,799
(4,484)
(265)
38,614
89,664
Adjusted
$ 681,038
34.9%
$
$
6,276
1,351
21.5%
4,925
0.05
106,772
109,029
4,925
63,794
16,000
1,351
86,070
4.4%View entire presentation