Bed Bath & Beyond Results Presentation Deck

Q4 BUSINESS & FINANCIAL RESULTS gross margin expansion driven by key ongoing interventions Adj. Gross Margin of 32.8% vs 32.6% LY, driven primarily by: - - Optimization of promotion & markdowns Favorable product mix Leverage of distribution and fulfillment costs Partially offset by higher digital channel mix, including substantial industry-wide freight rate increases FY19 Q4 vs FY20 Q4-gross margin bridge 32.6% FY19 Q4 Adj. Gross Margin 90bps 60bps Promotion & Product Markdown Mix Mgt Note: Adj. EBITDA, and adj. gross margin are non-GAAP financial measures. For a reconciliation to comparable GAAP measures, see Appendix of this presentation. BED BATH & BEYOND 190bps +20bps (170bps) Leverage of Distribution/ Channel Fulfillment Mix Costs (150bps) DTC Shipping Expense 32.8% FY20 Q4 Adj. Gross Margin 16

View entire presentation