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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": "2021-04-01 00:00:00",
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  "notes": "The slide uses a waterfall bridge to decompose the margin change.",
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      "text": "FY19 Q4 vs FY20 Q4 – gross margin bridge",
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      "text": "Note: Adj. EBITDA, and adj. gross margin are non-GAAP financial measures. For a reconciliation to comparable GAAP measures, see Appendix of this presentation.",
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      "text": "Adj. Gross Margin of 32.8% vs 32.6% LY, driven primarily by: Optimization of promotion & markdowns, Favorable product mix, Leverage of distribution and fulfillment costs, Partially offset by higher digital channel mix, including substantial industry-wide freight rate increases",
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