Bed Bath & Beyond Investor Day Presentation Deck
BUSINESS & STRATEGY UPDATE
Cost Optimization to Drive Profitability and Cash Flow
Right-Sizing Cost Structure and Store Fleet to Drive Savings of Approximately $250M
in FY22
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AUGUST 31, 2022
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o Reduction in force initiated, including approximately 20% across corporate and
supply chain
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o Approx. 150+ lower-producing Bed Bath & Beyond banner stores identified for
closure (already underway); and related store staffing
Lower Capital Expenditures Planned for FY22 at Approximately $250M versus Original
Plan of $400M
Focus on strategic investments in technology, capabilities and services, and store
maintenance
o Expansion of digital offerings and services
o Strategic reevaluation of original store remodel plans and returns given changes in
customer shopping and service preferences
O Future remodels and new store openings to remain paused for FY22
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o Immediate actions anticipated to impact Q2 with sequential improvement in Free
Cash Flow
BED BATH & BEYOND
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