Income Statement

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

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)
Cost of sales	(5,384,287)	(6,114,947)	(7,616,920)	(7,924,817)	(7,906,286)	(7,639,407)
Gross profit	2,483,491)	3,118,081)	3,541,660)	4,103,980)	4,443,015)	4,576,350)
Selling, general and administrative expenses	(2,692,292)	(3,224,363)	(3,732,498)	(3,681,210)	(3,681,694)	(3,441,140)
Impairments, including on assets held for sale	(36,531)	(127,341)	(509,226)	(509,905)	—)	—)
Restructuring and transformation initiative expenses	(144,025)	(102,202)	—)	—)	—)	—)
Loss on sale of businesses	(18,221)	(1,062)	—)	—)	—)	—)
Operating profit (loss)	(407,578)	(336,887)	(700,064)	(87,135)	761,321)	1,135,210)
Interest expense, net	(64,702)	(76,913)	(64,789)	(69,474)	(65,661)	(69,555)
Gain (loss) on extinguishment of debt	(376)	77,038)	—)	—)	—)	—)
Earnings (loss) before (provision) benefit from income taxes	(472,656)	(336,762)	(764,853)	(156,609)	695,660)	1,065,655)
(Provision) benefit from income taxes	(86,967)	185,989)	151,037)	19,385)	(270,802)	(380,547)
Net earnings (loss)	(559,623)	(150,773)	(613,816)	(137,224)	424,858)	685,108)

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).

Download chart

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 2020 to 2021 and from 2021 to 2022.
Operating profit (loss)	The net result for the period of deducting operating expenses from operating revenues.	Bed Bath & Beyond Inc. operating profit (loss) increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
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 increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
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) increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Income Statement