Bed Bath & Beyond Results Presentation Deck
Non-GAAP
Reconciliation*
(in thousands, except per share
data)
(unaudited)
12
Reconciliation of Adjusted Gross Profit
Reported gross profit
Adjustments:
Incremental inventory reserve for future markdowns
Total adjustments
Adjusted gross profit
Reconciliation of Adjusted Gross Margin
Three Months Ended
November 30, December 1,
2019
2018
$ 913,837 $ 1,003,710 $ 2,528,004 $ 2,957,119
(23,915)
(23,915)
$ 889,922
33.1 %
Reported gross margin
Adjustments:
Incremental inventory reserve for future markdowns
Total adjustments
Adjusted gross margin
Reconciliation of Adjusted Selling, General and Administrative Expenses
Reported selling, general and administrative expenses $ 931,814 $
Adjustments:
Severance costs
(0.8)%
(0.8)%
32.3 %
169,820
169,820
$ 1,003,710 $ 2,697,824
33.1%
-%
-%
33.1%
Nine Months Ended
November 30, December 1,
2019
2018
28,281
28,281
31.4%
982,478
2.1 %
2.1%
954,197 $ 2,705,457
33.5 %
(61,199)
(8,000)
$ 2,957,119
Shareholder activity costs
Gain on sale of a building
Total adjustments
Adjusted selling, general and administrative expenses $ 931,814 $
* The Company has not previously presented non-GAAP financial measures regarding its results for its fiscal 2018 third quarter. The Company is
presenting certain non-GAAP financial measures for its fiscal 2019 third 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 2018 periods in the reconciliation tables
above and that follow.
33.9 %
$ 2,747,519
33.9 %
(13,892)
28,281
14,389
%
%
(69, 199)
$ 2,636,258 $ 2,761,908
BED BATH &
BEYONDView entire presentation