Analysis of Revenues
Revenues as Reported
Bed Bath & Beyond Inc., income statement, revenues
US$ in thousands
| 12 months ended: | Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | Mar 2, 2019 | Mar 3, 2018 | Feb 25, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 7,867,778) | 9,233,028) | 11,158,580) | 12,028,797) | 12,349,301) | 12,215,757) |
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).
An analysis of net sales reveals a trajectory of initial stability followed by a sustained and accelerating decline over the six-year period ending February 26, 2022. While revenues remained relatively consistent in the early stages of the period, a significant erosion of the top line occurred starting in 2019, with the rate of decline intensifying in the final two fiscal years.
- Revenue Stability and Peak
- Net sales peaked at approximately 12.35 billion USD in the period ending March 3, 2018, reflecting a marginal increase from the 12.22 billion USD reported in February 2017.
- Onset of Revenue Contraction
- A downward trend commenced in 2019, with net sales falling to 12.03 billion USD. This decline continued into the period ending February 29, 2020, where revenues decreased further to 11.16 billion USD.
- Accelerated Sales Erosion
- The most severe contraction is observed between 2020 and 2022. Net sales dropped to 9.23 billion USD in February 2021 and fell further to 7.87 billion USD by February 26, 2022. This represents a cumulative decrease of approximately 36% from the peak observed in 2018.
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