Stock Analysis on Net
Stock Analysis on Net

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

This company has been moved to the archive! The financial data has not been updated since September 30, 2022.

Analysis of Investments

Microsoft Excel

Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

Bed Bath & Beyond Inc., adjustment to net earnings (loss)

US$ in thousands

Microsoft Excel
12 months ended: Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
Net earnings (loss) (as reported) (559,623) (150,773) (613,816) (137,224) 424,858 685,108
Add: Change in temporary impairment of auction rate securities, net of tax (251) (617) 276 366 95 (351)
Net earnings (loss) (adjusted) (559,874) (151,390) (613,540) (136,858) 424,953 684,757

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

Bed Bath & Beyond Inc., adjusted profitability ratios

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
Net Profit Margin
Reported net profit margin -7.11% -1.63% -5.50% -1.14% 3.44% 5.61%
Adjusted net profit margin -7.12% -1.64% -5.50% -1.14% 3.44% 5.61%
Return on Equity (ROE)
Reported ROE -321.35% -11.81% -34.78% -5.36% 14.71% 25.19%
Adjusted ROE -321.50% -11.86% -34.76% -5.35% 14.71% 25.18%
Return on Assets (ROA)
Reported ROA -10.91% -2.34% -7.88% -2.09% 6.03% 10.01%
Adjusted ROA -10.91% -2.34% -7.88% -2.08% 6.04% 10.00%

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Bed Bath & Beyond Inc. adjusted net profit margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Bed Bath & Beyond Inc. adjusted ROE improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Bed Bath & Beyond Inc. adjusted ROA improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Bed Bath & Beyond Inc., Profitability Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net earnings (loss) (559,623) (150,773) (613,816) (137,224) 424,858 685,108
Net sales 7,867,778 9,233,028 11,158,580 12,028,797 12,349,301 12,215,757
Profitability Ratio
Net profit margin1 -7.11% -1.63% -5.50% -1.14% 3.44% 5.61%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net earnings (loss) (559,874) (151,390) (613,540) (136,858) 424,953 684,757
Net sales 7,867,778 9,233,028 11,158,580 12,028,797 12,349,301 12,215,757
Profitability Ratio
Adjusted net profit margin2 -7.12% -1.64% -5.50% -1.14% 3.44% 5.61%

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

2022 Calculations

1 Net profit margin = 100 × Net earnings (loss) ÷ Net sales
= 100 × -559,623 ÷ 7,867,778 = -7.11%

2 Adjusted net profit margin = 100 × Adjusted net earnings (loss) ÷ Net sales
= 100 × -559,874 ÷ 7,867,778 = -7.12%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Bed Bath & Beyond Inc. adjusted net profit margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Adjusted Return on Equity (ROE)

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net earnings (loss) (559,623) (150,773) (613,816) (137,224) 424,858 685,108
Shareholders’ equity 174,145 1,276,936 1,764,935 2,560,331 2,888,628 2,719,277
Profitability Ratio
ROE1 -321.35% -11.81% -34.78% -5.36% 14.71% 25.19%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net earnings (loss) (559,874) (151,390) (613,540) (136,858) 424,953 684,757
Shareholders’ equity 174,145 1,276,936 1,764,935 2,560,331 2,888,628 2,719,277
Profitability Ratio
Adjusted ROE2 -321.50% -11.86% -34.76% -5.35% 14.71% 25.18%

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

2022 Calculations

1 ROE = 100 × Net earnings (loss) ÷ Shareholders’ equity
= 100 × -559,623 ÷ 174,145 = -321.35%

2 Adjusted ROE = 100 × Adjusted net earnings (loss) ÷ Shareholders’ equity
= 100 × -559,874 ÷ 174,145 = -321.50%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Bed Bath & Beyond Inc. adjusted ROE improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Adjusted Return on Assets (ROA)

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
As Reported
Selected Financial Data (US$ in thousands)
Net earnings (loss) (559,623) (150,773) (613,816) (137,224) 424,858 685,108
Total assets 5,130,572 6,456,930 7,790,515 6,570,541 7,040,806 6,846,029
Profitability Ratio
ROA1 -10.91% -2.34% -7.88% -2.09% 6.03% 10.01%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net earnings (loss) (559,874) (151,390) (613,540) (136,858) 424,953 684,757
Total assets 5,130,572 6,456,930 7,790,515 6,570,541 7,040,806 6,846,029
Profitability Ratio
Adjusted ROA2 -10.91% -2.34% -7.88% -2.08% 6.04% 10.00%

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

2022 Calculations

1 ROA = 100 × Net earnings (loss) ÷ Total assets
= 100 × -559,623 ÷ 5,130,572 = -10.91%

2 Adjusted ROA = 100 × Adjusted net earnings (loss) ÷ Total assets
= 100 × -559,874 ÷ 5,130,572 = -10.91%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Bed Bath & Beyond Inc. adjusted ROA improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.