Bed Bath & Beyond Results Presentation Deck
APPENDIX
non-gaap reconciliation*
(in thousands, except for share data) (unaudited)
Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA
Reported net earnings (loss)
Depreciation and amortization
Interest expense, net
Gain on extinguishment of debt
Provision (benefit) for income taxes
EBITDA
Pre-tax Adjustments:
Incremental inventory reserve for future markdowns
Impairments (a)
Restructuring and transformation initiative costs
Severance costs
Gain on sale of business
Costs associated with portfolio optimization strategy
Total pre-tax adjustments
Adjusted EBITDA
BED BATH & BEYOND
Three Months Ended
August 29,
2020
$
$
217,900
85,277
23,371
(77,038)
106,310
355,820
(23,000)
29,176
23,128
(189,528)
3,750
(156,474)
199,346
August 31,
2019
$
$
(138,765)
84,430
16,342
(59,835)
(97,828)
193,735
28,357
22,537
244,629
146,801
(a) Impairments include tradename and store asset impairments related to the North American Retail reporting unit.
* The Company is presenting certain non-GAAP financial measures for its fiscal 2020 second 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 2019 periods in the reconciliation table above and that follow.
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