{ "docId": "019de512-1f23-7151-8ccf-c5a7b36791e8", "docSlug": "e3a7fd1b25f440920daa34b8255f33dd", "documentTitle": "Bed Bath & Beyond | Results Presentation Deck | 38 slides", "authorId": "bed-bath-beyond", "authorName": "Bed Bath & Beyond", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-01-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 5, "pageCount": 38, "prevPage": 4, "nextPage": 6, "slideType": "executive_summary", "function": "summarize", "density": "overcrowded", "nDataPoints": 12, "notes": "Includes specific footnotes regarding fiscal/calendar November and Thanksgiving/Cyber Monday periods.", "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de512-1f23-7151-8ccf-c5a7b36791e8/5", "deckHref": "/decks/019de512-1f23-7151-8ccf-c5a7b36791e8", "deckJsonHref": "/decks/019de512-1f23-7151-8ccf-c5a7b36791e8.json", "deckAnchorHref": "/decks/019de512-1f23-7151-8ccf-c5a7b36791e8#slide-5", "components": [ { "bbox": { "h": 0.06, "w": 0.9, "x": 0.055, "y": 0.185 }, "kind": "list", "text": "Net Sales of $1,878M reflecting sequential Comp Sales improvement within quarter; Fiscal November* at (mid-single digit) decline; Total quarter at (7)% decline vs. 2020 and (4)% decline vs. 2019", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "383837aa-f3d9-4270-bce0-e9f9eebde779", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.87, "x": 0.085, "y": 0.635 }, "kind": "list", "text": "Balance as of 12/25 of $0.7B reflecting $0.2B of positive operating cash flow due to working capital improvement and $0.1B in CapEx and Share Repurchases; Total liquidity³ of approx. $1.6B", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "38398b0f-647a-4727-ac36-231dc712b99e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.9, "x": 0.055, "y": 0.555 }, "kind": "list", "text": "SG&A expense in-line with plan", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4bd9d19e-4f2a-481f-9ea3-e58d33d0718b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.87, "x": 0.085, "y": 0.325 }, "kind": "list", "text": "Comparable Sales growth of +low-single digit in US Stores for Calendar November*; Flat Comparable Sales in Total US (including digital)", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "80bdb443-456a-4e87-9f55-8cf7d011ee1a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.9, "x": 0.055, "y": 0.435 }, "kind": "list", "text": "GAAP Gross Margin of 35.6%; Adjusted Gross Margin of 35.9% - adjusted expansion of 50bps vs. Q3'20 and 360bps vs. Q3'19", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8fd27216-03b7-4934-9563-ad0b6139541b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.87, "x": 0.085, "y": 0.265 }, "kind": "list", "text": "Net Sales of $1,878M impacted by an estimated $100 million, or mid-single digit, due to supply chain-related inventory stresses", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "97930a89-c960-4d5f-b193-aa07ff1806d7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.87, "x": 0.085, "y": 0.495 }, "kind": "list", "text": "Reflects higher merchandise margins driven primarily by pricing actions, promo optimization and the on-going benefit from the Company's Owned Brands", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a5bcf636-acb0-430a-a81f-dcb9e0bef364", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.9, "x": 0.055, "y": 0.595 }, "kind": "list", "text": "Robust cash and investments balance of $0.6B as of Q3'21; Healthy total liquidity³ of approx. $1.5B", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c97d713e-413a-4dfd-930b-4b1ef6e4d161", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.87, "x": 0.085, "y": 0.385 }, "kind": "list", "text": "Comparable Sales growth of +high-single digit over Thanksgiving to Cyber Monday period*", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f6b24cef-0890-425b-82dd-373fef33f691", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.45, "x": 0.035, "y": 0.885 }, "kind": "source-note", "text": "*Fiscal November ending 11/27; Calendar November ending 11/30; Thanksgiving to Cyber Monday period ending 11/30", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "33bd6542-7114-46a4-9788-1926c9e5a6c6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.035, "w": 0.365, "x": 0.045, "y": 0.085 }, "kind": "title", "text": "Third Quarter Highlights", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b66bd64d-17b9-4e23-b70f-bdecb2c0772d", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Executive summary", "slug": "executive-summary", "agent": null, "layer": "slide", "matchId": "0c3ffc1d-e439-45f9-9cf1-237b03f4baa2", "evidence": "This slide is an executive summary with a list of key highlights.", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }