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
Tax (benefit) provision
Effective tax rate
Net (loss) income
Net (loss) earnings per share - Diluted
Weighted average shares outstanding- Basic
Weighted average shares outstanding- Diluted
Reported
BED BATH & BEYOND
633,694
32.4%
33,686
S
(88,137)
(37,263)
42.3 %
$ (50,874)
(0.48)
106,772
106,772
Loss on sale
of
Businesses
$ (50,874)
68,278
265
16,000
(37,263)
(3,594)
3,989
S 3,989
Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
3,989 $
Restructuring
and
Transformation
Expenses
(47,344)
2.4 %
(33,686)
81,030
3,989 S
Three Months Ended May 29, 2021
Excluding
Impairments
81,030 S
81,030
(4,484)
9,129
76,546 S
9,129
9,129
Loss on
extinguishment
of debt
S
265
9,129 S
265
Net (loss) income
Depreciation and amortization
Loss on extinguishment of debt
Interest expense
Tax (benefit) provision
EBITDA
EBITDA as % of net sales
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.
(1)
265
Total income
tax impact
(265)
38,614
(20.8)%
S (38,614)
$ (38,614)
Total Impact
$ 47,344
2.4%
38,614
S
(33,686)
94,413
38,614
(20.8)%
55,799
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
70
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