Bed Bath & Beyond Results Presentation Deck
Actions Taken
We remain focused on accelerating our extensive
transformation efforts and driving against our
near-term priorities to generate savings and
reinvest for future growth
Reviewing and Optimizing Our Asset Base
Completed Real Estate Sale-Leaseback Transaction
Generated net proceeds of >$250M
Properties sold represent ~2.1M sq ft. of commercial space, including 12 retail
locations, a distribution facility and our corporate office space
We will continue to occupy these properties pursuant to long-term leases that
generally range from 12 to 18 years
• We will incur annual incremental pretax net occupancy costs of $11M
Balance sheet will include ~$190M of incremental lease assets and liabilities.
Refining Our Organization
Extensive Changes to Leadership Team.
Departure of 6 CEO Direct Reports; Rationalized CIO and CTO functions into one role;
Interim leaders appointed in merchandising, digital, marketing, owned brands
and legal
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Existing expertise with fresh perspectives from new, innovative leaders of
change, will help us to better anticipate and support our customers in their
life journeys and shopping needs
The Company is actively recruiting for these roles
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