Common-Size Income Statement
Quarterly Data
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- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Net Profit Margin since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Bed Bath & Beyond Inc., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2022-08-27), 10-Q (reporting date: 2022-05-28), 10-K (reporting date: 2022-02-26), 10-Q (reporting date: 2021-11-27), 10-Q (reporting date: 2021-08-28), 10-Q (reporting date: 2021-05-29), 10-K (reporting date: 2021-02-27), 10-Q (reporting date: 2020-11-28), 10-Q (reporting date: 2020-08-29), 10-Q (reporting date: 2020-05-30), 10-K (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-06-01), 10-K (reporting date: 2019-03-02), 10-Q (reporting date: 2018-12-01), 10-Q (reporting date: 2018-09-01), 10-Q (reporting date: 2018-06-02), 10-K (reporting date: 2018-03-03), 10-Q (reporting date: 2017-11-25), 10-Q (reporting date: 2017-08-26), 10-Q (reporting date: 2017-05-27), 10-K (reporting date: 2017-02-25), 10-Q (reporting date: 2016-11-26), 10-Q (reporting date: 2016-08-27), 10-Q (reporting date: 2016-05-28).
- Cost of Sales
- The cost of sales as a percentage of net sales shows significant variation over the observed periods. Initially, it fluctuates moderately, ranging between approximately -61.99% and -66.90%, before exhibiting a sharp increase around 2019, peaking at -76.13% in May 2022. This indicates a rising cost burden relative to sales, suggesting potential cost management challenges or supply cost increases in later periods.
- Gross Profit
- Gross profit margins exhibit a declining trend overall. Starting from a relatively stable range around 36-38%, the margin dips notably in late 2019 and early 2020 to as low as 23.87% by May 2022. This decline parallels the increase in cost of sales and indicates a shrinking profitability from core operations.
- Selling, General and Administrative Expenses (SG&A)
- SG&A expenses fluctuate throughout the periods but reveal a concerning trend in the most recent years. The percentage of net sales spent on SG&A peaks sharply at -55.39% in May 2020 and remains elevated thereafter above -40% in several quarters, which may reflect increased operating costs, restructuring efforts, or inefficiencies impacting overall cost structure.
- Impairments
- Impairment charges become significant starting from late 2018, with notable impact in early 2019 reaching approximately -15.41% to -15.60% of net sales. Although impairment levels decrease somewhat afterwards, they persist at various negative levels across subsequent quarters, impacting profitability.
- Restructuring and Transformation Initiative Expenses
- These expenses first appear in 2020 and show intermittent increases ranging mostly between -0.64% and -3.76% of net sales, indicating ongoing restructuring efforts which potentially contribute to volatility in operating results.
- Gain (Loss) on Sale of Businesses
- Gains and losses on business sales show some volatility with a notable gain of 7.05% in early 2020 but subsequently turning negative in multiple quarters through 2021, which suggests non-recurring items affecting the income statement in those periods.
- Operating Profit (Loss)
- Operating profit margins demonstrate considerable volatility and an overall downward trend. Initial figures remain positive and even reach double digits in some quarters early on but turn negative starting in late 2018, with severe operating losses peaking at -35.25% in May 2020. Though partial recoveries occur thereafter, margins remain negative in most recent periods.
- Interest Expense, Net
- Interest expenses relative to net sales remain relatively stable, fluctuating narrowly mostly between -0.44% and -1.31%. A slight increase is noted during the pandemic period, which could indicate higher debt costs or increased borrowings.
- Gain (Loss) on Extinguishment of Debt
- Recorded irregularly, with a significant gain of 2.87% noted in early 2020, followed by minor negative impacts. These items contribute sporadically to non-operating income and expenses during select quarters.
- Earnings Before Income Taxes
- Pre-tax earnings track closely with operating profit trends, showing strong positive margins early on and very negative results post-2018, hitting a low of -36.57% around May 2020. Oscillations continue thereafter, reflecting underlying operating difficulties and expense pressures.
- Provision for Income Taxes
- Tax provisions vary notably, with occasional negative values indicating tax benefits during loss periods. Some positive spikes occur between 2018 and 2019, corresponding with interim profit recoveries or adjustments. Overall, tax impact is inconsistent and mirrors earnings fluctuations.
- Net Earnings (Loss)
- Net earnings display a pattern consistent with other profitability measures: stable and positive in initial quarters, followed by a challenging period from late 2018 with significant losses. The lowest net margin reaches -25.48% in August 2022. Intermittent positive quarters occur but are generally outweighed by losses, highlighting financial distress and recovery challenges.