Bed Bath & Beyond Results Presentation Deck
Non-GAAP
Reconciliation*
(in thousands, except per share
data)
(unaudited)
15
Reconciliation of Adjusted Selling, General and Administrative Expenses
as a Percent of Net Sales
Reported selling, general and administrative expenses as a percent of net sales
Adjustments:
Severance costs
Shareholder activity costs
Total adjustments
Adjusted selling, general and administrative expenses as a percent of net sales
Reconciliation of Adjusted Net Earnings
Reported net (loss) earnings
Pre-tax adjustments:
Inventory write down
Severance costs.
Goodwill and other impairments (a)
Shareholder activity costs
Total pre-tax adjustments
Tax impact of adjustments
Total adjustments, after tax
Adjusted net income
Reconciliation of Adjusted Net Earnings per Diluted Share
Reported net (loss) eamings per diluted share
Goodwill and other impairments, severance, shareholder activity costs,
and inventory write down
Adjusted net earnings per diluted share
August 31, September 1,
2019
2018
Three Months Ended
$
$
32.4%
(0.8%)
0.0%
(0.8%
$ (138,765)
31.6%
193,735
22,537
28,357
244,629
(63,964)
180,665
41,900
(1.12)
1.46
0.34
$
$
$
31.0%
(0.2%)
0.0%
(0.2%)
30.8%
48,639
4,559
4,559
(1,150)
3,409
52,048
August 31, September 1,
2019
2018
$
0.36 $
* The Company has not previously presented non-GAAP financial measures regarding its results for its fiscal 2018 second quarter. The
Company is presenting certain non-GAAP financial measures for its fiscal 2019 second quarter. In order for investors to be able to more
easily compare the Company's performance across periods, the Company has included comparable reconciliations for the 2018 periods
in the reconciliation tables above and that follow..
Six Months Ended
0.02
0.38 $
33.5%
$ (509,850)
(1.1%)
(0.2%)
(1.3%)
32.2%
193,735
61,199
429,624
8,000
692,558
(125,351)
567,207
57,357
(4.06) $
4.52
0.46
$
31.5%
(0.2%)
0.0%
(0.2%)
31.3%
92,215
13,892
(a) Goodwill and other impairments include: (1) goodwill, tradename and store asset impairments related to the North American Retail reporting
unit; and (2) tradename impairments related to the Institutional Sales reporting unit.
13,892
(2,768)
11,124
103,339
0.68
0.08
0.76
BED BATH &
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