Bed Bath & Beyond Results Presentation Deck
APPENDIX
Q2'21 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
Net (loss) income
Depreciation and amortization
Loss on extinguishment of debt
Interest expense
Tax (benefit) provision
EBITDA
Reported
601,069
30.3 %
BED BATH & BEYOND
24,495
(100,346)
(27,131)
27.0%
$ (73,215)
(0.72)
101.951
101,951
(Gain) loss
on sale of
Businesses
$ (73,215)
70,112
111
16,121
(27,131)
(14,002)
$
132
S
(Gain) loss on
Extinguishment
of debt
132 S
Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
132
132
%
111
(111)
Three Months Ended August 28, 2021
Excluding
Restructuring
and
Transformation
Expenses
(73,679) $
3.7%
(24,495)
98,174
Impairments
98,174 S
98,174
(5,924)
92,250
7,584
7,584
(Gain) loss
on sale of
property
(1,339)
$ (1,339)
Total income
tax impact
7,584 S (1,339)
7,584 $ (1,339) $ (27,751)
27,751
(12.6)%
S (27,751) S
Total Impact
73,679
3.7%
27,751
(24,495)
104,662
27,751
(12.6)%
76,911
76,911
(5,924)
(111)
27,751
98,627
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)
$
Adjusted
674,748
34.0 %
4,316
620
14.4%
3,696
0.04
101.951
104,037
3,696
64,188
16,121
620
84,625
70
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