Bed Bath & Beyond Results Presentation Deck

APPENDIX non-gaap reconciliation* (in thousands, except for share data) (unaudited) Reconciliation of Adjusted Gross Margin Reported gross margin Adjustments: Incremental inventory reserve for future markdowns Total adjustments Adjusted gross margin Three Months Ended BED BATH & BEYOND August 29, 2020 36.7 % (0.8)% (0.8)% 35.9 % August 31, 2019 26.7 % 7.2 % 7.2 % 33.9% * 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. 27

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