#1home, happier TM Fourth Quarter Fiscal 2021 Earnings Presentation (PERIOD ENDING FEBRUARY 26, 2022) Mark Tritton, President & Chief Executive Officer Gustavo Arnal, Executive Vice President, Chief Financial Officer April 13, 2022 BED BATH & BEYOND#2Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 21 E of the Securities Exchange Act of 1934 including, but not limited to, the Company's progress and anticipated progress towards its long-term objectives, as well as more generally the status of its future liquidity and financial condition and its outlook for the Company's fiscal 2022 first quarter and for its 2022 fiscal year. Many of these forward-looking statements can be identified by use of words such as may, will, expect, anticipate, approximate, estimate, assume, continue, model, project, plan, goal, preliminary, and similar words and phrases, although the absence of those words does not necessarily mean that statements are not forward-looking. The Company's actual results and future financial condition may differ materially from those expressed in any such forward-looking statements as a result of many factors. Such factors include, without limitation: general economic conditions including the housing market, a challenging overall macroeconomic environment and related changes in the retailing environment; risks associated with the COVID-19 pandemic and the governmental responses to it, including its impacts across the Company's businesses on demand and operations, as well as on the operations of the Company's suppliers and other business partners, and the effectiveness of the Company's actions taken in response to these risks; consumer preferences, spending habits and adoption of new technologies; demographics and other macroeconomic factors that may impact the level of spending for the types of merchandise sold by the Company; civil disturbances and terrorist acts; unusual weather patterns and natural disasters; competition from existing and potential competitors across all channels; pricing pressures; liquidity; the ability to achieve anticipated cost savings, and to not exceed anticipated costs, associated with organizational changes and investments, including the Company's strategic restructuring program and store network optimization strategies; the ability to attract and retain qualified employees in all areas of the organization; the cost of labor, merchandise, logistical costs and other costs and expenses; potential supply chain disruption due to trade restrictions or otherwise, and other factors such as natural disasters, pandemics, including the COVID-19 pandemic, political instability, labor disturbances, product recalls, financial or operational instability of suppliers or carriers, and other items; the ability to find suitable locations at acceptable occupancy costs and other terms to support the Company's plans for new stores; the ability to establish and profitably maintain the appropriate mix of digital and physical presence in the markets it serves; the ability to assess and implement technologies in support of the Company's development of its omnichannel capabilities; the ability to effectively and timely adjust the Company's plans in the face of the rapidly changing retail and economic environment, including in response to the COVID-19 pandemic; uncertainty in financial markets; volatility in the price of the Company's common stock and its effect, and the effect of other factors, including the COVID-19 pandemic, on the Company's capital allocation strategy; risks associated with the ability to achieve a successful outcome for the Company's business concepts and to otherwise achieve its business strategies; the impact of intangible asset and other impairments; disruptions to the Company's information technology systems, including but not limited to security breaches of systems protecting consumer and employee information or other types of cybercrimes or cybersecurity attacks; reputational risk arising from challenges to the Company's or a third party product or service supplier's compliance with various laws, regulations or standards, including those related to labor, health, safety, privacy or the environment; reputational risk arising from third-party merchandise or service vendor performance in direct home delivery or assembly of product for customers; changes to statutory, regulatory and legal requirements, including without limitation proposed changes affecting international trade; changes to, or new, tax laws or interpretation of existing tax laws; new, or developments in existing, litigation, claims or assessments; changes to, or new, accounting standards; and foreign currency exchange rate fluctuations. Except as required by law, the Company does not undertake any obligation to update its forward-looking statements. BED BATH & BEYOND 2#3Agenda Q4'21 Results (ending Feb 26th) FY 2022 Outlook Commentary Transformation Update Appendix BED BATH & BEYOND GRACO#4Q4'21 RESULTS#5I Fourth Quarter Highlights Net Sales of $2,051M; Demand severely impacted by ongoing supply chain and inventory availability challenges ■ Q4'FY21 RESULTS ■ I ▪ Group Comparable Sales decline of (12)%, negatively affected by an estimated $175 million, or high-single digit headwind, due to supply chain delays and lack of available inventory ▪ Bed Bath & Beyond banner Comparable Sales decline of (15)% disproportionately affected by lack of inventory availability buybuy BABY Comparable Sales growth of +LSD fueled by +mid-teens growth in stores GAAP Gross Margin of 28.3%; Adjusted Gross Margin of 28.8% Reflecting Significantly Higher than Expected Supply Chain Costs of -360bps ■ PERIOD ENDING FEBRUARY 26, 2022 ■ Adjusted Gross Margin was 32.4%, excluding transient supply chain costs increases referenced above I ▪ Supply Chain costs included approximately -360bps higher than anticipated freight & shipping inflation (170bps), first-time port-related fees (100bps), and warehouse-related inventory adjustments as year finalized (90bps) Positive Cash Flow from Operations of approx. $0.3B and Free Cash Flow of approx. $0.2B Completed approx. $230M of share repurchase in 4Q21 and approx. $40M in March 2022 Completion of $1B Share Repurchase Program as of March 2022, reducing share count by 37% to 80M Healthy cash and investment balance of approx. $0.5B and total liquidity of approx. $1.4B I I BED BATH & BEYOND 5#6Q4'21 RESULTS Fourth Quarter Results - Key Financial Metrics Net Sales $2.051B Adj. Gross Margin² 28.8% incl. -360bps supply chain costs vs. LY 32.4% excl. supply chain costs Total Comp¹ Sales -12% vs. Q4'20 -8% vs. Q4'19 BED BATH & BEYOND Adj. EBITDA² ($30)M Note: The Company's four Core banners include Bed Bath & Beyond, buybuy BABY, Harmon Face Values and Decorist. PERIOD ENDING FEBRUARY 26, 2022 BANNER COMP SALES¹ vs. Q4'20 BED BATH BABY -15% +LSD% -9% vs. Q4'19 +MSD% VS. Q4'19 FCF of $0.2B Total Cash & Inv. $0.5B $1.4B Total Liquidity 6#7● Q4'21 RESULTS Net Sales to Comparable Sales vs. LY (Q4'21 vs. Q4'20) Total Net Sales decline of -22% includes: planned reduction from non-core banner divestitures of -8% Core banner net sales decline of -14% includes: ●. ● planned reduction from store closures of -2% Comparable¹ sales decline of -12% ● ● • impacted by approx. $175M in supply chain/inventory-related stresses (-HSD) primarily in Bed Bath banner -12% -22% Total Net Sales BED BATH & BEYOND -8% Divestitures Note: The Company's four Core banners include Bed Bath & Beyond, buybuy BABY, Harmon Face Values and Decorist. -14% PERIOD ENDING FEBRUARY 26, 2022 Core Banner Net Sales (excl. Divestitures) -2% Fleet Optimization Comparable Sales Stores -8% Digital -18% $175M (-HSD) Supply Chain Disruptions* *Negative impact of approx. $175M, or high-single digit, from lack of available replenishment inventory and higher out-of-stock due to supply chain stresses 7#8Q4'21 RESULTS Key Sales Drivers By Banner Total Group Bed Bath & Beyond Banner buybuy BABY Banner Top 5 Destination Categories at Bed Bath & Beyond Banner Bedding Bath Kitchen Food Prep Indoor Décor Home Organization Destination Category Other Categories Total Bed Bath & Beyond Banner BED BATH & BEYOND Comp Sales¹ vs. Q4'20 -12% -15% +LSD% Comp Sales¹ vs. Q4'20 -18% -17% -13% -20% -18% -17% -11% -15% % of Net Sales in Q4'21 17% 8% 26% 11% 4% 66% 34% 100% PERIOD ENDING FEBRUARY 26, 2022 Continued Digital Penetration Q4'21 41% Q4'20 42% Q4'19 22% Q4'18 17% Higher Digital Penetration Continues vs. High LY Comparison Note: Based on Core business 8#9Q4'21 RESULTS ● Adjusted Gross Margin Bridge - Q4'20 to Q4'21 Gross margin rate of 28.8% was (-400bps) below LY margin rate of 32.8% Gross margin reflects significantly higher than expected transient supply chain costs of higher freight charges (-170bps), first-time port-related fees (100bps) and certain, warehouse-related inventory adjustments as year finalized (-90bps) Adj. Gross of 32.4% excluding impact of supply chain costs 32.8% Q4'20 Gross Margin Product Inflation -130bps Product Mix/ Pricing & Promo Optimization +90bps Owned Brands & Pricing/Promo Optimization Offset by Product Inflation & Negative Category Mix I -40bps cost/pricing impact Note: numbers may not add due to rounding ¹Not expected to continue by end of 2022 BED BATH & BEYOND 32.4% Q4'21 Gross Margin (excl. freight & shipping) Freight & Shipping Inflation -170bps PERIOD ENDING FEBRUARY 26, 2022 Port-related fees -100bps First time charges -360bps transient 1 Warehouse- related inventory adjustments as year finalized -90bps 28.8% Q4'21 Gross Margin 9#10Q4'21 RESULTS Strong Cash & Liquidity I Q3'21 Total Cash & Invest. $0.6B Positive Operating Cash Flow Operating Cash Flow $0.3B BED BATH & BEYOND Capital Expenditures -$0.1B Share Repurchase -$0.2B 1 Q4'21 Total Cash & Invest. $0.5B T I PERIOD ENDING FEBRUARY 26, 2022 Total Liquidity of $1.4B ABL $0.9B Total Cash & Investments $0.5B 10#11FY 2022 OUTLOOK COMMENTARY X maas 9900000#12FISCAL 2022 FISCAL 2022 OUTLOOK COMMENTARY P&L Comp Sales vs. LY ■ Adjusted Gross Margin (as a percentage of sales) ■ Adjusted SG&A Adjusted EBITDA Key Assumptions: Share Repurchase CURRENT TRENDS: 1Q22 QTD trend: negative low-20s BED BATH & BEYOND Cost inflation headwinds to persist, not fully offset by pricing Depreciation & Amortization (approx.): $260M ▪ CAPEX (approx.): $400M ▪ Store Openings (approx.): 20 to 25 openings (primarily BABY) Store Remodels (approx.): 130 to 150 remodels (primarily Bed Bath) Slightly lower $ spend vs. LY, albeit deleverage due to sales decreases Negative $40M executed in 1Q22; $1B Program completed I FISCAL 2022 ■ FULL YEAR Sequential Improvement in 2H vs. 1H based on anticipated improvement in supply chain conditions Modest expansion vs. LY based on 2H improvement Approx. flat $ to LY; Previously announced $100M optimization aims to offset inflation Note: Adj. gross margin, adj. SG&A, adj, EBITDA & adj. EPS are non-GAAP financial measures. For a reconciliation to comparable GAAP measures, see Appendix of this presentation. Above LY in 2H based on sales and gross margin assumptions above Re-assessment in 2H22 Liquidity remains healthy, including $1B ABL Revolver Share Repurchases & Debt Reduction to be assessed in 2H22 12#13FY21 (Year 1) TRANSFORMATION PROGRESS esավ DA#14FY21 TRANSFORMATION PROGRESS Began Significant TRANSFORMATION in 2021 BED BATH & BEYOND PURPOSE make it easy to feel at home PRINCIPLES customer inspired omni-always people powered performance driven PILLARS & PROFICIENCIES product ELC PERFORMANCE sales MISSION re-establish our authority and be the preferred omni-channel home destination driven by teams consistently delivering balanced durable growth price promise place 2 proficiencies margin cash flow people 8 TSR 14#15commercial operational FY21 TRANSFORMATION PROGRESS Key Strategic Initiatives - Achievements in 2021 3-Year Strategic Digital-First, Omni-Always Store Remodel & Fleet Optimization Inspirational merchandising assortment including Owned Brands Accelerate growth of buybuy BABY & Harmon Banners Modernize supply chain and technology BED BATH & BEYOND Plan ✓ Stores as fulfillment hubs ✓ Omni-always platform ✓ Remodel ~450 BBB stores ✓Close - 200 BBB stores ✓ Launch 10 BBB Owned Brands ✓ Owned Brand penetration of 30% ✓ Increase BABY sales to $1.5B+ ✓ Reduce store replenishment to 10 days (via RDCs) ✓ New tech roadmap (merch, ERP & supply chain) Transformation Goals in FY21 ✓ Invest in key projects for enhanced capabilities ✓ Approx. 130 to 150 remodels Approx. 200 BBB closures (cumulative/total program) ✓ Introduce 8 Owned Brands Launch 6 Owned Brands in 1H21 ✓ Owned brand penetration of 20% ✓ Modernize destination categories & extend value prop Age up strategy ✓ Plan and begin implementation of two RDCs in NE/West ✓ Initiate new Oracle ERP rollout on-track on-track on-track on-track on-track on-track Transformation Achievements in FY21 ✓ Partnerships: DoorDash, Uber, Shipt, Roadie ✓ Launched digital Marketplace ✓ Launched Cross-Banner checkout Initiated - 130 remodels; ~80 completions Sustained +MSD% sales lift in remodels ✓ Completed 207 BBB closures (total program) Achieved target 8 Owned Brands in Bed Bath Exceeded penetration goal at 25% run rate ✓ Incubating bbBABY Owned Brands for 2H22 launch Achieved BABY sales of $1.4B ahead of FY plan Positive FY growth in both BABY & Harmon BABY market share growth in FY21 vs. FY20 Successfully opened East Coast RDC in PA Initiated West Coast RDC opening plans in CA ✓ First stage of ERP launched 15#16FY21 TRANSFORMATION PROGRESS Digital Transformation in FY2021 Three Pillars of Transformation ELEVATE EXPERIENCE: Overhauled websites with new look, reduced steps to checkout and Al-powered search UNLOCK OMNI-ALWAYS: launched BOPIS & curbside pickup services TRANSFORM TO DIGITAL FIRST: Upgraded tools and processes to improve speed to market Note: App data (launches and first-time visitors) relates to Bed Bath & Beyond banner only BED BATH & BEYOND 37% approx. 2x more than 875 million approximately 50% greater than 30% Digital Sales penetration welcome to Digital penetration vs. 2019 Visits to website Express Checkout Turkish Modal th Towel in at the barcode Omni + Digital active shoppers 4,00% off! Sign Up N Total digital sales fulfilled by stores incl. approx. 15% BOPIS 15.9⁹ 16#17FY21 TRANSFORMATION PROGRESS Store Remodels BEFORE AFTER BED BATH & BEYOND kitche our vrel HOMY table HOME welcome FY 2021 Target FY 2021 Achieved Approx. 130 remodels across US & CANADA • Initiated approx. 130 remodels Completed approx. 80 remodels • Sustained +MSD sales lift ● 17#18FY21 TRANSFORMATION PROGRESS Store Fleet Optimization Continuing to position our network for the future: ✓ Disciplined management of inventory and receipts ✓ Partnership with recognized liquidation service ✓ Robust in-store and digital local marketing ✓ Data-driven tracking and monitoring BED BATH & BEYOND FY 2021 Target FY 2021 Achieved BEDR ● Approx. 200 BBB closures (cumulative total program) Completed more than 200 Bed Bath store closures Sales transference above plan of 20%-25% 18#19FY21 TRANSFORMATION PROGRESS A Strategic Collaboration with Kroger in 2022 BED BATH& BEYOND Kroger home, happier Shop Home BABY-Kroger welcome to parenthood Shop Baby BED BATH & BEYOND → Kroger's Ship Marketplace Select Physical Store Pilots Now live on Kroger.com Offering an extensive selection of the most sought-after goods for home and baby products QUOT ● Launching in select Kroger brick & mortar stores in 2022 • Branded shop-in-shop experience with exclusive Owned Brands and national brands 19#20FY21 TRANSFORMATION PROGRESS Eight Owned Brands in Total Launched in 2021 as Planned Launched March 2021 nestwell everyday comfort Launched June 2021 Wild Sage Bring your story to life BED BATH & BEYOND Launched April 2021 haven Escape the noise Launched July 2021 SQUARED AWAY Solutions for a well-kept home Launched May 2021 Simply Essential. Home starts here Launched October 2021 3B Studio Designed for modern living. Launched June 2021 our table Start with food. End with love. Launched November 2021 H: HAPPY Share the happy. 20#21FY21 TRANSFORMATION PROGRESS Accelerated Owned Brands Sales Performance and Penetration ✓ Ending Fiscal 2021 with Owned Brands penetration of approximately 25% ✓ Extending Owned Brands to the buybuy BABY business FY 2020 FY 2021 approx. 10% BED BATH & BEYOND GOAL 20% FY 2021 run rate at approx. 25% FY 2023 GOAL 30% Ahead of schedule on longer-term Owned Brands penetration goals 21#22FY21 TRANSFORMATION PROGRESS Continued Growth in buybuy BABY Banner #1 specialty baby retailer in markets with a presence #5 retailer in baby registry nationally Note: As shared during Investor Day 2020 BED BATH & BEYOND growth of +double digit Growth in market share greater than 50% Positive Net Sales growth with Sales exceeding $1.4B, above plan Continued market share gains Digital penetration of total BABY Sales 22#23FY21 TRANSFORMATION PROGRESS Supply Chain and Technology Charting a Course for Greater Value ✓ Increased digital capabilities ✓ Flexibility, agility and scalability ✓ Speed to market ✓ More efficient technology operations ✓ Shift spend towards innovation Improved return on technology investment BED BATH & BEYOND SUPPLY CHAIN TECHNOLOGY PRIOR STATE ▪ 35-day store replenishment ▪ Vendor direct network with consolidation hubs ▪ Inefficiencies driving high, uncompetitive costs Disparate legacy technology Legacy and siloed architecture and applications ▪ Reactive and manually intensive operating model FY21 PROGRESS ▪ Opened NE RDC in Frackville, PA ▪ Plans for West Coast RDC underway in Southern California with construction to begin in 2022 ▪ RELEX system launched ▪ ERP Phasel successfully launched early ▪ ERP Phase II on track to launch in 2022 FUTURE STATE ▪ 10-day store replenishment ▪ 4 regional DCs ■ Increased standardization to lower total supply chain costs ▪ Cloud-based and scalable infrastructure ▪ New ERP ■ Automated and agile operating model 23#24TRANSFORMATION UPDATE Long Term Return to Shareholders Through Capital Allocation Completion of approx. $1 billion Repurchase Program $375M FY 2020 $575M BED BATH & BEYOND FY 2021 $40M March 2022 Program-To-Date: 37% reduction in share count 124M Q4'19 Note: Dollar values of share repurchases reflect open market repurchases; Share repurchase program completed in March 2022 at approx. $990M 110M Q4'20 80M CURRENT 24#25APPENDIX Thanks see you soon want to work, happier? apply now Text "JOBS" to 239663 to apply 20 Scan to App flexible schedules multistore discounts promotion from within jobs.bedbathandbeyond.com TOTAL COM HUMIDI AMEDICS TOTAL HUM MEDICS TOTA HUM 850 0 6 ME TOTAL#26APPENDIX Quarterly Summary of FY2019 & FY2020 Net Sales The following table shows a quarterly summary of the Company's fiscal 2019 and 2020 net sales on both a Reported GAAP basis and on a Core Go-Forward basis, which excludes sales from divested banners. ● ● The Company is providing this additional transparency to help analysts and investors gain further perspective on the Company's recent portfolio transformation and the quarterly comparisons of the Core Go-Forward banners, which include Bed Bath & Beyond, buybuy BABY, Harmon Face Values and Decorist. Net Sales ($ in millions) Reported Core Note: numbers may not add due to rounding BED BATH & BEYOND Q1'19 Q2'19 Q3'19 Q4'19 $2,719 $2,759 $2,191 $2,573 $2,080 $2,263 $3,107 $2.471 FY 2019 $11,159 $9,006 Q1'20 Q2'20 Q3'20 Q4'20 $1,307 $2,688 $2,618 $2,619 $1,128 $2,239 $2,186 $2,390 FY 2020 $9,233 $7,943 26#27Non-GAAP Information The following table reconciles non-GAAP financial measures presented in this press release or that may be presented on the Company's fourth quarter conference call with analysts and investors. The Company believes that these non-GAAP financial measures provide management, analysts, investors and other users of the Company's financial information with meaningful supplemental information regarding the performance of the Company's business. These non-GAAP financial measures should not be considered superior to, but in addition to other financial measures prepared by the Company in accordance with GAAP, including comparisons of year-to-year results. The Company's method of determining these non-GAAP financial measures may be different from other companies' methods and, therefore, may not be comparable to those used by other companies. As such, the Company does not recommend the sole use of these non-GAAP measure to assess its financial and earnings performance. For reasons noted above, the Company is presenting certain non-GAAP financial measures for its fiscal 2021 fourth quarter. In order for investors to be able to more readily compare the Company's performance across periods, the Company has included comparable reconciliations for the 2020 period in the reconciliation tables below. The Company is not providing a reconciliation of its guidance with respect to Adjusted EBITDA because the Company is unable to provide this reconciliation without unreasonable effort due to the uncertainty and inherent difficulty of predicting the occurrence, the financial impact, and the periods in which the adjustments may be recognized. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results. Footnotes ¹ Comparable Sales reflects the year-over-year change in sales from the Company's retail channels, including stores and digital, that have been operating for twelve full months following the opening period (typically six to eight weeks). Comparable Sales excludes the impact of the Company's store network optimization program. ² Adjusted items refer to comparable sales as well as financial measures that are derived from measures calculated in accordance with GAAP, which have been adjusted to exclude certain items. Adjusted Gross Margin, Adjusted SG&A, Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted EPS - Diluted are non-GAAP financial measures. For more information about non-GAAP financial measures, see "Non-GAAP Information" below. ³Total Liquidity includes cash & investments and availability under the Company's asset-based revolving credit facility. BED BATH & BEYOND 27#28APPENDIX Q4'21 Non-GAAP Reconciliation BED BATH & BEYOND Gross Profit Gross margin Restructuring and transformation initiative expenses (Loss) earnings before benefit for income taxes Tax benefit Effective tax rate Net (loss) income Net loss per share - Diluted Weighted average shares outstanding- Basic Weighted average shares outstanding- Diluted Reported $ 579,808 EBITDA EBITDA as % of net sales $ 28.3 % 44,625 $ (182,290) (23,185) $ (159,105) 12.7 % (1.79) 88,683 88,683 (1) Loss on Sale of Businesses $ $ Reconciliation of Net Income (loss) to EBITDA and Adjusted EBITDA Net (loss) income $ (159,105) $ Depreciation and amortization 78,884 Interest expense 16,809 Tax benefit (23,185) (86,597) % $ Restructuring and Transformation Expenses 10,021 $ 0.5% $ Three Months Ended February 26, 2022 Excluding $ $ $ (44,625) 54,646 Impairment charges 54,646 $ 54,646 $ (15,744) - % 18,059 Total income tax impact $ 18,059 $ 18,059 $ 38,902 $ 18,059 $ % (4,852) 12.9% Total Impact $ 4,852 $ (4,852) $ 4,852 $ Adjusted 10,021 $ 589,829 0.5% 28.8% (44,625) 72,705 (4,852) 12.9 % 77,557 $ 0.87 $ 88,683 88,683 (109,585) (28,037) (4,852) $ 56,961 $ 25.6% (81,548) (0.92) 88,683 88,683 77,557 $ (81,548) (15,744) 63,140 16,809 (28,037) (29,636) (1) If a company 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. (1.4)% 28#29APPENDIX Q4'20 Non-GAAP Reconciliation BED BATH & BEYOND Gross Profit Gross margin Restructuring and transformation initiative expenses (Loss) earnings before (benefit) provision for income taxes Tax (benefit) provision Effective tax rate Net income (loss) Net earnings per share - Diluted Weighted average shares outstanding- Basic Weighted average shares outstanding- Diluted Reported $ 825,488 Interest expense Tax (benefit) provision EBITDA EBITDA as % of net sales $ $ 31.5% $ 54,554 (42,218) (51,277) 121.5 % 9,059 0.08 115,055 117,286 Loss on Sale of Businesses $ - % 22,705 Restructuring and Transformation Expenses 33,198 $ 1.3 % $ Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA Net income (loss) $ 9,059 $ 22,705 $ 78,328 Depreciation and amortization 18,566 (51,277) 54,676 $ 22,705 $ $ 22,705 $ Three Months Ended February 27, 2021 Excluding (54,554) 87,752 87,752 $ 87,752 $ (6,141) Impairment Charges 81,611 $ - % 8,883 Total income tax impact $ 8,883 $ 8,883 $ 8,883 $ - % 81,297 (82.6)% (81,297) $ (81,297) Total Impact $ 81,297 $ $ Adjusted 33,198 $ 858,686 1.3 % 32.8% (54,554) 119,340 81,297 0.32 $ (82.6)% 38,043 $ 47,102 115,055 117,286 38,043 $ (6,141) 77,122 81,297 $ 113,199 $ 30,020 38.9% 0.40 115,055 117,286 47,102 72,187 18,566 30,020 167,875 (1) If a company 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. 6.4% 29#30home, happier TM Fourth Quarter Fiscal 2021 Earnings Presentation (PERIOD ENDING FEBRUARY 26, 2022) Mark Tritton, President & Chief Executive Officer Gustavo Arnal, Executive Vice President, Chief Financial Officer April 13, 2022 BED BATH & BEYOND