Bed Bath & Beyond Results Presentation Deck
Third Quarter Highlights
I
Q3'21 RESULTS
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Net Sales of $1,878M reflecting sequential Comp Sales improvement within quarter; Fiscal November* at
(mid-single digit) decline; Total quarter at (7)% decline vs. 2020 and (4)% decline vs. 2019
Comparable Sales growth of +low-single digit in US Stores for Calendar November*; Flat Comparable
Sales in Total US (including digital)
Comparable Sales growth of +high-single digit over Thanksgiving to Cyber Monday period*
GAAP Gross Margin of 35.6%; Adjusted Gross Margin of 35.9% - adjusted expansion of 50bps vs. Q3'20
and 360bps vs. Q3'19
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PERIOD ENDING NOVEMBER 27, 2021
Net Sales of $1,878M impacted by an estimated $100 million, or mid-single digit, due to supply chain-
related inventory stresses
Reflects higher merchandise margins driven primarily by pricing actions, promo optimization and the
on-going benefit from the Company's Owned Brands
SG&A expense in-line with plan
Robust cash and investments balance of $0.6B as of Q3'21; Healthy total liquidity³ of approx. $1.5B
Balance as of 12/25 of $0.7B reflecting $0.2B of positive operating cash flow due to working capital
improvement and $0.1B in CapEx and Share Repurchases; Total liquidity of approx. $1.6B
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*Fiscal November ending 11/27; Calendar November ending 11/30; Thanksgiving to Cyber Monday period ending 11/30
BED BATH & BEYOND
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