Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Bed Bath & Beyond Inc., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Aug 27, 2022	May 28, 2022	Feb 26, 2022	Nov 27, 2021	Aug 28, 2021	May 29, 2021	Feb 27, 2021	Nov 28, 2020	Aug 29, 2020	May 30, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	Jun 1, 2019	Mar 2, 2019	Dec 1, 2018	Sep 1, 2018	Jun 2, 2018	Mar 3, 2018	Nov 25, 2017	Aug 26, 2017	May 27, 2017	Feb 25, 2017	Nov 26, 2016	Aug 27, 2016	May 28, 2016
Net sales	1,437,018)	1,463,418)	2,051,396)	1,877,874)	1,984,696)	1,953,812)	2,619,141)	2,618,472)	2,687,968)	1,307,447)	3,106,822)	2,759,322)	2,719,447)	2,572,989)	3,307,881)	3,032,231)	2,935,018)	2,753,667)	3,716,264)	2,954,539)	2,936,357)	2,742,141)	3,533,954)	2,955,484)	2,988,235)	2,738,084)
Cost of sales	(1,038,756)	(1,114,106)	(1,471,588)	(1,208,954)	(1,383,627)	(1,320,118)	(1,793,653)	(1,661,905)	(1,700,431)	(958,958)	(2,093,166)	(1,845,485)	(1,992,459)	(1,685,810)	(2,161,020)	(2,028,521)	(1,946,457)	(1,788,819)	(2,382,984)	(1,913,478)	(1,867,798)	(1,742,026)	(2,190,863)	(1,862,710)	(1,871,342)	(1,714,492)
Gross profit	398,262)	349,312)	579,808)	668,920)	601,069)	633,694)	825,488)	956,567)	987,537)	348,489)	1,013,656)	913,837)	726,988)	887,179)	1,146,861)	1,003,710)	988,561)	964,848)	1,333,280)	1,041,061)	1,068,559)	1,000,115)	1,343,091)	1,092,774)	1,116,893)	1,023,592)
Selling, general and administrative expenses	(634,877)	(637,508)	(682,605)	(697,953)	(652,972)	(658,762)	(759,248)	(890,740)	(850,218)	(724,157)	(1,027,041)	(931,814)	(880,889)	(892,754)	(933,691)	(954,197)	(909,703)	(883,619)	(996,177)	(932,701)	(899,712)	(853,104)	(913,163)	(881,491)	(835,920)	(810,566)
Impairments	(55,518)	(26,699)	(18,059)	(1,759)	(7,584)	(9,129)	45,093)	(57,997)	(29,176)	(85,261)	(67,821)	(11,781)	(28,357)	(401,267)	(509,905)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Restructuring and transformation initiative expenses	(54,069)	(24,263)	(44,625)	(41,219)	(24,495)	(33,686)	(58,304)	(16,770)	(27,128)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Gain (loss) on sale of businesses	—)	—)	—)	(14,100)	(132)	(3,989)	(76,681)	(113,909)	189,528)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Operating profit (loss)	(346,202)	(339,158)	(165,481)	(86,111)	(84,114)	(71,872)	(23,652)	(122,849)	270,543)	(460,929)	(81,206)	(29,758)	(182,258)	(406,842)	(296,735)	49,513)	78,858)	81,229)	337,103)	108,360)	168,847)	147,011)	429,928)	211,283)	280,973)	213,026)
Interest expense, net	(18,603)	(16,448)	(16,809)	(15,772)	(16,121)	(16,000)	(18,566)	(17,805)	(23,371)	(17,171)	(15,370)	(17,179)	(16,342)	(15,898)	(15,440)	(22,691)	(14,611)	(16,732)	(16,294)	(13,621)	(19,166)	(16,580)	(16,787)	(18,254)	(18,199)	(16,315)
Gain (loss) on extinguishment of debt	—)	—)	—)	—)	(111)	(265)	—)	—)	77,038)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Earnings (loss) before (provision) benefit from income taxes	(364,805)	(355,606)	(182,290)	(101,883)	(100,346)	(88,137)	(42,218)	(140,654)	324,210)	(478,100)	(96,576)	(46,937)	(198,600)	(422,740)	(312,175)	26,822)	64,247)	64,497)	320,809)	94,739)	149,681)	130,431)	413,141)	193,029)	262,774)	196,711)
(Provision) benefit for income taxes	(1,354)	(2,060)	23,185)	(174,546)	27,131)	37,263)	51,277)	65,213)	(106,310)	175,809)	31,162)	8,385)	59,835)	51,655)	58,382)	(2,468)	(15,608)	(20,921)	(126,765)	(33,438)	(55,451)	(55,148)	(144,411)	(66,605)	(95,439)	(74,092)
Net earnings (loss)	(366,159)	(357,666)	(159,105)	(276,429)	(73,215)	(50,874)	9,059)	(75,441)	217,900)	(302,291)	(65,414)	(38,552)	(138,765)	(371,085)	(253,793)	24,354)	48,639)	43,576)	194,044)	61,301)	94,230)	75,283)	268,730)	126,424)	167,335)	122,619)

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Bed Bath & Beyond Inc. net sales decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Operating profit (loss)	The net result for the period of deducting operating expenses from operating revenues.	Bed Bath & Beyond Inc. operating profit (loss) decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Earnings (loss) before (provision) benefit from income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Bed Bath & Beyond Inc. earnings (loss) before (provision) benefit from income taxes decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Net earnings (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Bed Bath & Beyond Inc. net earnings (loss) decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Income StatementQuarterly Data

Income Statement
Quarterly Data