Bed Bath & Beyond Results Presentation Deck
Q4 2019
P&L Summary
(amounts in millions, except
comp sales %, % of sales,
and earnings per share
data)
10
Comp Sales %
Net Sales
Gross Profit
SG&A Expenses
Operating Profit
Net Earnings
EPS - Diluted
WAS - Diluted
February 29, 2020
$3,107
$1,014
$953 (b)
$61 (b)
$47 (b)
$0.38 (b)
123
% of Sales
(5.6)
100.0
32.6
30.7
2.0
1.5
Three Months Ended
March 2, 2019
$3,308
$1,147
$934 (c)
$213
(c)
$159 (c)
$1.20 (c)
132
% of Sales
(1.4)
100.0
34.7
28.2
6.4
4.8
% Change
(2.1) (a)
(2.5)
(d)
(4.4)
(3.3)
(a) As a percentage of net sales, primarily due to lower merchandise margin from promotional activity and markdowns, and an increase in
net direct-to-customer shipping expense due to a higher penetration of digital sales.
(b) Excludes severance expense, tradename and other impairments, and the loss on a sale leaseback transaction, including transacton fees.
(c) Excludes goodwill and other impairments.
(d) As a percentage of net sales, the increase was primarily due to higher consulting expense associated with our efforts to expedite
the ongoing transformation and review of assets, and an increase in advertising expense, including digital marketing, related to
the heavy promotional activity, and the effect of fixed costs, such as occupancy and technology-related expenses, including
depreciation, on a lower sales base.
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