Bed Bath & Beyond Results Presentation Deck
Non-GAAP Reconciliation
(amounts in thousands, except per share data)
Reconciliation of Adjusted Operating Profit
Reported operating loss
Adjustments:
Goodwill and tradename impairments (a)
Total adjustments
Adjusted operating profit
Reconciliation of Adjusted Net Income
Reported net loss
Pre-tax Adjustments:
Goodwill and tradename impairments (a)
Total pre-tax adjustments
Tax benefit of adjustments
Total adjustments, after tax
Adjusted net income
Reconciliation of Adjusted Earnings per Diluted Share
Reported loss per diluted share
Goodwill and tradename impairments (a)
Adjusted earnings per diluted share
(unaudited)
Three Months Ended
March 2, 2019
$
$
$
$
$
$
(296,735)
509,905
509,905
213,170
(253,793)
509,905
509,905
(97,286)
412,619
158,826
(1.92)
3.12
1.20
This table reconciles non-GAAP financial measures presented in this press release. The Company believes that these non-GAAP financial measures provide
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 in accordance with GAAP, including the 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 and the Company does not recommend the sole use of this non-GAAP measure to asses its financial and earnings performance.
(a) Goodwill and tradename impairments include: (1) goodwill and tradename impairments related to the North American
Retail reporting unit; and (2) goodwill and tradename impairments related to the Institutional Sales reporting unit.
BED BATH &
BEYOND
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