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  "documentTitle": "Bed Bath & Beyond | Results Presentation Deck | 43 slides",
  "authorId": "bed-bath-beyond",
  "authorName": "Bed Bath & Beyond",
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  "presentationDate": "2021-01-01 00:00:00",
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  "notes": "Includes a quote from CEO Mark Tritton and detailed footnotes regarding financial metrics.",
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      "kind": "disclaimer",
      "text": "Bed Bath & Beyond is among the Company's four core banners which also include buybuy BABY, Harmon Face Values and Decorist. Cash Flow includes cash flow from operations + cash from investing activities, net of CAPEX. Gross Debt includes bond debt, revolver/ABL borrowing, and operating and finance lease liabilities. Total Liquidity includes cash & investments and availability from asset-backed lending credit facility.",
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      "text": "2nd Consecutive Quarter of Strong Comparable Sales Growth; +5% Core Bed Bath & Beyond banner; +94% Core BBB digital comp growth; Gross Margin Expansion; +310bps to 35.4% Adj. Gross Margin; EBITDA Increases; +168% Adj. EBITDA to $121mn",
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      "text": "Consistently Executing on Strategy; Strengthening Balance Sheet; Unlocking Shareholder Value Creation",
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      "text": "Positive cash flow generation; $244mn cash flow; Stronger balance sheet with significant gross debt reduction; $0.5bn Gross Debt reduction; Cash and liquidity levels increase further; $1.5bn Cash & Investments; $2.2bn Total Liquidity",
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      "text": "Enhancing FY 2021 EBITDA outlook with a range; $500mn to $525mn; Reiterating a larger and accelerated share repurchase program; Share Repurchase Program: up to $825mn; ASRs 1+2: $375mn expected to be completed",
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      "text": "The consistent execution of our growth strategy is unlocking improved financial performance and we delivered a second consecutive quarter of comparable sales and profit growth",
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      "text": "Note: ASR-1($225mn): 4.5mn shares delivered in FY20 Q3; Remainder expected to be delivered by 1/28/21. ASR-2 ($150mn): Expected to be initiated and completed in FY20 Q4.",
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      "text": "Q3 key takeaways",
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