Bed Bath & Beyond Results Presentation Deck
APPENDIX
Q3'21 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
(1)
If a company
$
BED BATH & BEYOND
Reported
668,920
35.6 %
$ (276,429)
$
41,219
(101,883)
174,546
(171.3)%
(2.78)
99,591
99.591 (1)
(Gain) loss
on sale of
Businesses
15,772
174,546
(9,759)
$
%
14,100
(Gain) loss on
Extinguishment
of debt
$
Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
$ (276,429) $ 14,100 $
$
76,352
$ 14,100 $
%
$ 14,100 S
$
Three Months Ended November 27, 2021
Restructuring
and
Transformation
Expenses
(6,111) $
0.3 %
$
$
(41,219)
Excluding
47,330
Impairments
47,330 $
47,330 $
(12,792)
34,538 $
%
1,759
$
(Gain) loss
on sale of
property
1,759 $
1,759
1,759 $
S
%
Total income
tax impact
$
Total Impact
$
6,111
0.3 %
(41,219)
63,189
(188,674) (188,674)
207.8 %
207.8 %
$ 188,674 $ 251,863
%
$ 188,674
$
(188,674)
$ 251,863
(12,792)
EBITDA as % of net sales
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.
$
Adjusted
(188,674)
$ 50,397 $
675,031
35.9 %
36.5%
$ (24,566)
(38,694)
(14,128)
(0.25)
99,591
99,591
$ (24,566)
63,560
15,772
(14,128)
40,638
2.2 %
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