Bed Bath & Beyond Results Presentation Deck

Bed Bath & Beyond: Re-Positioning for Sustainable Growth in FY 2020 and Long Term Consolidated Net Sales Gross Margin SG&A (incl depreciation) Operating Income Capital Expenditures Capital Return 2020 $11.4 $11.7 bn - 34.5% - 35.0% 30% -31% $430 $475 mm (Margin: 3.7% -4.1%) -$350 mm Dividend: $0.68 per share Repurchase: $400 mm Long-Term Target Low single-digit growth -36% margin (-200 bps improvement from 2018) 29% - 30% (~100 bps improvement from 2018) ~6% margin (-300 bps+ improvement from 2018) -$350 mm Ongoing commitment to capital return Key Drivers ▪ Revenue driving initiatives begin to impact 2020: Enhancing assortment incl. proprietary brands and private label -Scaling learnings from Next Gen Stores Expanding personalization and branding Continuing to leverage value optimization, FEO platform Growing baby business, decorating services ■ Driving sales to better margin categories Direct sourcing Coupon and pricing/ value optimization Supply chain enhancements ■ Store labor model changes Optimizing store footprints to meet market need Occupancy cost reduction Advertising efficiency ■ ■ ■ - ■ Diluted EPS of $2.60 - $2.70 in 2020. Progress toward long-term margin target and share repurchase will generate a double digit EPS CAGR over the next few years BED BATH & BEYOND 12

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