Operating Profit Margin
since 2005
Calculation
Bed Bath & Beyond Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating profit (loss)1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Feb 26, 2022 | -5.18% | = | 100 | × | (407,578) | ÷ | 7,867,778) |
| Feb 27, 2021 | -3.65% | = | 100 | × | (336,887) | ÷ | 9,233,028) |
| Feb 29, 2020 | -6.27% | = | 100 | × | (700,064) | ÷ | 11,158,580) |
| Mar 2, 2019 | -0.72% | = | 100 | × | (87,135) | ÷ | 12,028,797) |
| Mar 3, 2018 | 6.16% | = | 100 | × | 761,321) | ÷ | 12,349,301) |
| Feb 25, 2017 | 9.29% | = | 100 | × | 1,135,210) | ÷ | 12,215,757) |
| Feb 27, 2016 | 11.69% | = | 100 | × | 1,414,903) | ÷ | 12,103,887) |
| Feb 28, 2015 | 13.08% | = | 100 | × | 1,554,293) | ÷ | 11,881,176) |
| Mar 1, 2014 | 14.04% | = | 100 | × | 1,614,587) | ÷ | 11,503,963) |
| Mar 2, 2013 | 15.01% | = | 100 | × | 1,638,218) | ÷ | 10,914,585) |
| Feb 25, 2012 | 16.51% | = | 100 | × | 1,568,369) | ÷ | 9,499,890) |
| Feb 26, 2011 | 14.71% | = | 100 | × | 1,288,458) | ÷ | 8,758,503) |
| Feb 27, 2010 | 12.53% | = | 100 | × | 980,687) | ÷ | 7,828,793) |
| Feb 28, 2009 | 9.35% | = | 100 | × | 673,896) | ÷ | 7,208,340) |
| Mar 1, 2008 | 11.89% | = | 100 | × | 838,022) | ÷ | 7,048,942) |
| Mar 3, 2007 | 13.44% | = | 100 | × | 889,401) | ÷ | 6,617,429) |
| Feb 25, 2006 | 15.13% | = | 100 | × | 879,171) | ÷ | 5,809,562) |
| Feb 26, 2005 | 15.39% | = | 100 | × | 792,414) | ÷ | 5,147,678) |
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), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
1 US$ in thousands
The operating profit margin exhibits a long-term trajectory characterized by an initial period of stability, a mid-term recovery peak, and a subsequent terminal decline into negative territory.
- Initial Margin Compression (2005–2009)
- Between 2005 and 2009, margins experienced a gradual compression, starting at 15.39% and reaching a period low of 9.35% in 2009. This decline occurred despite a steady increase in net sales, indicating that operating expenses grew at a faster rate than revenue during this interval.
- Recovery and Peak Efficiency (2010–2013)
- A recovery phase occurred from 2010 to 2012, during which the operating profit margin ascended to a peak of 16.51%. This period represents the highest level of operational efficiency in the observed timeframe, supported by a significant increase in both net sales and absolute operating profit.
- Systemic Margin Erosion (2014–2018)
- Following 2013, a consistent downward trend is observed. The margin declined from 15.01% in 2013 to 6.16% in 2018. Notably, while net sales reached their absolute peak in 2018 at approximately 12.3 billion USD, operating profit fell sharply, suggesting a failure to maintain cost controls relative to revenue growth.
- Operational Loss Phase (2019–2022)
- The final period is marked by a transition to negative operating margins. The first operational loss occurred in 2019 (-0.72%), followed by a significant drop to -6.27% in 2020. Although a slight improvement was noted in 2021 (-3.65%), the margin returned to -5.18% by 2022. This phase is characterized by simultaneous declines in net sales and the persistence of operating losses.
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Comparison to Competitors
Bed Bath & Beyond Inc., operating profit margin, long-term trends, comparison to competitors
| Bed Bath & Beyond Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | |
|---|---|---|---|---|
| Feb 26, 2022 | -5.18% | 2.38% | 15.24% | 12.56% |
| Feb 27, 2021 | -3.65% | 5.30% | 13.84% | 10.77% |
| Feb 29, 2020 | -6.27% | 5.93% | 14.37% | 8.75% |
| Mar 2, 2019 | -0.72% | 5.18% | 14.35% | 5.63% |
| Mar 3, 2018 | 6.16% | 5.33% | 14.55% | 9.60% |
| Feb 25, 2017 | 9.29% | 2.31% | 14.19% | 8.99% |
| Feb 27, 2016 | 11.69% | 3.08% | 13.30% | 8.41% |
| Feb 28, 2015 | 13.08% | 2.09% | 12.59% | 8.52% |
| Mar 1, 2014 | 14.04% | 0.20% | 11.63% | 0.00% |
| Mar 2, 2013 | 15.01% | 1.00% | 10.39% | 0.00% |
| Feb 25, 2012 | 16.51% | 1.11% | 9.46% | 0.00% |
| Feb 26, 2011 | 14.71% | 1.79% | 8.59% | 0.00% |
| Feb 27, 2010 | 12.53% | 4.11% | 7.26% | 0.00% |
| Feb 28, 2009 | 9.35% | 4.61% | 6.11% | 0.00% |
| Mar 1, 2008 | 11.89% | 4.39% | 9.36% | 0.00% |
| Mar 3, 2007 | 13.44% | 4.42% | 10.65% | 0.00% |
| Feb 25, 2006 | 15.13% | 3.63% | 11.49% | 0.00% |
| Feb 26, 2005 | 15.39% | 5.09% | 10.84% | 0.00% |
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), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).