Bed Bath & Beyond Results Presentation Deck
COVID-19 RESPONSE
focus on ensuring liquidity and optimizing costs
Strengthen Liquidity
.
Executed $850mn
three-year secured
asset-based
revolving credit
facility which
replaced existing
$250mn unsecured
credit facility
BED BATH & BEYOND
Adjust
Capital Allocation
Suspended prior
plans to spend up
to $600mn in fiscal
2020 for share
repurchases, future
dividends, and debt
reduction
·
M
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Control Operational
Expenses
Furloughed majority
of store associates
Renegotiated
payment terms for
goods, services and
rent
Managed inventory
levels
Reduced discretionary
spend such as
business travel,
advertising, and
expenses associated
with the maintenance
of stores
Implemented benefits
of the CARES Act
Manage Inventory
Levels
Proactively reduced /
canceled orders in
response to
temporary store
closures
Re-Prioritize CAPEX
Postponed
-$150mn in
planned CAPEX,
including store
remodels
Prioritized
-$250mn in
essential CAPEX to
drive strategic
growth plans,
including
investments in
digital and BOPISView entire presentation