Bed Bath & Beyond Results Presentation Deck
Q2 2020 FINANCIAL RESULTS
transformation underway to re-establish authority in home
Transformation plan expected to deliver between $250mn to
$350mn in annualized EBITDA improvement over the next
2 to 3 years vs fiscal 2019
Significant workforce reduction and major organizational
realignment in August 2020; estimated to generate future
annual pre-tax cost savings of approximately $150mn,
excluding one-time costs
Planned closure of -200 mostly BBB stores over the next
two years under Store Network Optimization Project
expected to generate -$100mn in annualized savings
Planned savings of -$200mn from product sourcing
through work with existing vendors
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Reinvestment of between approximately $150mn to
$200mn of the expected cost savings into future growth
initiatives
Potential of between -$350mn to-$450mn to be unlocked
through sale of non-core assets (including sale of PMall)
Further improvement of working capital through the removal
of about $1B of inventory at retail ($0.5bn at cost) from within
BBB stores over the next 24 months
BED BATH & BEYOND
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