FY2021

year one of a multi-year transformation

continuing to execute our strategic transformation

rebuilding the foundation of our business for long term growth and profitability.

COMPARABLENET SALES IN FY2021

SALES VS. FY2020

$8B

+7%

buybuy BABY COMPARABLE SALES GROWTH VS. FY2020

continued improvement from buybuy baby banner each quarter

+ double-digits %

ENTERPRISE PROFITABILITY

CAPITAL RESOURCES & LIQUIDITY

$1.4billion

completion of $1 billion share repurchase program ahead of schedule as announced in November 2021

33.3%

$182million

adjusted gross

adjusted

margin

ebitda

CAPITAL

RETURN TO

SHAREHOLDERS

bed bath & beyond and buybuy baby selection now available on kroger.com

Multi-category omnichannel collaboration, which includes some of the most sought-after items from bedding and storage to baby furniture and gear, is now available after first being announced in November 2021.

launched eight owned brands that are inspiring customers to be "home, happier"

Eight total Owned Brands launched in 2021 with accelerated sales performance and run rate penetration existing FY21 of 25%, above original 20% goal and above 10% in FY20.

expanding our existing authority in home & beyond

BEYOND+ MEMBERSHIP

+8%

In 2021, BBBY launched our integrated, cross-banner website, where customers can now shop Bed Bath & Beyond, buybuy BABY and Harmon in one seamless transaction. Additionally, we launched our new digital marketplace to expand our assortment of key products with key partners and be seamlessly integrated into the BBBY digital platform.

vs. LY

approx. 2M members in FY21

DIGITAL PENETRATION

partnerships that enable us to appeal to new customers and strengthen our reach with existing customers

37%

of Net Sales in FY2021

Customers can access Bed Bath & Beyond and buybuy BABY on-demand and with a new level of ease.

~50%

Omni + Digital shoppers

>30%

continuing to engage our customers through our fleet of 900 stores

total digital sales fulfilled by stores including >15% BOPIS

We continue to roll out our new store remodels to introduce the new Bed Bath & Beyond to our 35M customers.

*The information above represents a snapshot of certain financial and operating metrics for full fiscal year 2021. See our quarterly earnings press release on our IR website for more details:http://bedbathandbeyond.gcs-web.com/news-releases.

For a reconciliation of Adjusted Gross Margin and Adjusted EBITDA to these GAAP measures, see our quarterly earnings release:http://bedbathandbeyond.gcs-web.com/news-releases.

The Company notes that, similar to the first half of 2021, growth rates in fiscal 2021 are not fully comparable due to both last year's extended store closures related to the COVID-19 pandemic and the Company's ongoing fleet optimization program. Therefore, Comparable Sales Growth for the year ended February 26, 2022 has been calculated by estimating the negative impact of the store closures in 2020 in connection with the Company's fleet optimization program. The Company believes this calculation of comparable sales is a more meaningful reference for the current quarter.

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Bed Bath & Beyond Inc. published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 11:44:04 UTC.