Bed Bath & Beyond Results Presentation Deck
Non-GAAP
Reconciliation*
(in thousands, except per share
data)
(unaudited)
13
Reconciliation of Adjusted Selling, General and Administrative Expenses
Reported selling, general and administrative expenses
Adjustments:
Severance costs
Shareholder activity costs
Loss from sale-leaseback transaction, including transaction fees
Gain on sale of a building
Total adjustments
Adjusted selling, general and administrative expenses
Reported selling, general and administrative expenses as a percent of net sales
Adjustments:
Severance costs
Three Months Ended
March 2,
2019
Shareholder activity costs
Loss from sale-leaseback transaction, including transaction fees
Gain on sale of a building
Total adjustments
Adjusted selling, general and administrative expenses as a percent of net sales
February 29,
2020
$ 1,027,041
(41,308)
(32,840)
(74,148)
Reconciliation of Adjusted Selling, General and Administrative Expenses as a Percent of Net Sales
952,893
33.1%
(1.3%)
0.0%
(1.1%)
0.0%
(2.4%)
30.7%
933,691 $ 3,732,498
933,691
28.2%
0.0%
0.0%
0.0%
0.0%
0.0%
Twelve Months Ended
February 29, March 2,
2020
2019
28.2%
"The Company is presenting certain non-GAAP financial measures for its fiscal 2019 fourth quarter. In order for investors to be able to more easily
compare the Company's performance across periods, the Company has included comparable reconciliations for the 2018 periods in the
reconciliation tables above and that follow.
(102,507)
(8,000)
(32,840)
(143,347)
3,589,151 $ 3,695,599
33.4%
(0.9%)
0.0%
(0.3%)
0.0%
(1.2%)
3,681,210
32.2%
(13,892)
28,281
14,389
30.6%
(0.1%)
0.0%
0.0%
0.2%
0.1%
30.7%
BED BATH &
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