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      "text": "Consistent with our recent communication, Net Sales of approx. $1.44B and Comparable¹ sales of (26)%\nBed Bath & Beyond banner Comparable¹ Sales decline of (28)% reflecting legacy merchandise assortment, out of stocks, and continued trends in customer traffic\nbuybuy BABY Comparable¹ Sales decline in the high-teens compared to high-teens growth last year; held market share relative to mass market retailers\nLaunch of Welcome Rewards™ during the quarter with current membership of more than 6.3 million, including 30% increase in new members\nGAAP and Adjusted Gross Margin of 27.7%\nAdj. Gross Margin reflects 260bps of negative impact from accelerated inventory clearance activity at the BB&B banner\nIncludes 100bps of transient supply chain-related port fees which the Company expects to recede by year-end\nDouble-Digit improvement in Inventory to Net Sales gap versus last quarter\nSupport from our supplier partners remains solid with payables considerably healthier vs. prior quarter\nCurrent liquidity of $0.85 billion, including recently completed financing\nATM offering recently launched with approximately three million shares sold for proceeds of approximately $30 million\nAligned and focused on driving continued sequential improvement with strengthened financial position",
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      "text": "PERIOD ENDING AUGUST 27, 2022",
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      "text": "Q2'FY22 RESULTS",
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