Bed Bath & Beyond Results Presentation Deck slide image

Bed Bath & Beyond Results Presentation Deck

Q1 2020 RESULTS BED BATH & BEYOND Q1 highlights • Fiscal Q1 spanned the most critical months to date of the COVID-19 pandemic - March, April and May • Maintained strong liquidity and financial flexibility driven by proactive actions to control cash burn • Strong balance sheet, ending quarter with -$1.2bn in cash and investments; Post Q1: Secured new $850mn ABL Facility for additional liquidity if needed • Net Sales impacted by store closures; ~90% of total stores remained closed during the majority of the quarter; Operated mainly as a digital business during Q1 • Gross margin impacted by channel and product mix related to substantial shift in sales to digital channels 15
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