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  "documentTitle": "Bed Bath &amp; Beyond | Results Presentation Deck | 41 slides",
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  "authorName": "Bed Bath & Beyond",
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  "presentationDate": "2020-07-01 00:00:00",
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  "notes": "The slide uses a waterfall bridge to decompose the 780bps decline into channel mix (-450bps) and product mix (-330bps).",
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      "text": "FY19 Q1 vs FY20 Q1 – gross margin bridge",
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      "text": "Gross Margin impacted by channel and product mix created by the COVID moment related to substantial shift in sales to digital channels, 26.7% vs 34.5% in FY19 Q1. Digital sales ~2/3 of total net sales. Higher direct-to-customer shipping costs. Higher sales of lower margin, COVID-essential product / Promotions",
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