GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Bed Bath & Beyond Inc (OTCPK:BBBYQ) » Definitions » EBIT

Bed Bath & Beyond (Bed Bath & Beyond) EBIT : $-3,419 Mil (TTM As of Feb. 2023)


View and export this data going back to 1992. Start your Free Trial

What is Bed Bath & Beyond EBIT?

Bed Bath & Beyond's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2023 was $-2,377 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2023 was $-3,419 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bed Bath & Beyond's annualized ROC % for the quarter that ended in Feb. 2023 was -37.17%. Bed Bath & Beyond's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2023 was -505.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bed Bath & Beyond's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2023 was -105.29%.


Bed Bath & Beyond EBIT Historical Data

The historical data trend for Bed Bath & Beyond's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bed Bath & Beyond EBIT Chart

Bed Bath & Beyond Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -87.14 -700.06 -259.85 -407.95 -3,419.37

Bed Bath & Beyond Quarterly Data
May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -165.48 -339.16 -346.20 -356.55 -2,377.46

Competitive Comparison of Bed Bath & Beyond's EBIT

For the Specialty Retail subindustry, Bed Bath & Beyond's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bed Bath & Beyond's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Bed Bath & Beyond's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bed Bath & Beyond's EV-to-EBIT falls into.



Bed Bath & Beyond EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Feb. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3,419 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bed Bath & Beyond  (OTCPK:BBBYQ) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Bed Bath & Beyond's annualized ROC % for the quarter that ended in Feb. 2023 is calculated as:

ROC % (Q: Feb. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2022 ) + Invested Capital (Q: Feb. 2023 ))/ count )
=-1314.2 * ( 1 - 1.54% )/( (4041.12 + 2921.836)/ 2 )
=-1293.96132/3481.478
=-37.17 %

where

Invested Capital(Q: Nov. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4401.426 - 1054.371 - ( 153.521 - max(0, 2572.239 - 1878.174+153.521))
=4041.12

Invested Capital(Q: Feb. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2225.217 - 702.356 - ( 65.853 - max(0, 2495.884 - 1096.909+65.853))
=2921.836

Note: The Operating Income data used here is four times the quarterly (Feb. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Bed Bath & Beyond's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2022  Q: Feb. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-9509.84/( ( (2372.191 + max(375.085, 0)) + (1016.025 + max(-533.729, 0)) )/ 2 )
=-9509.84/( ( 2747.276 + 1016.025 )/ 2 )
=-9509.84/1881.6505
=-505.40 %

where Working Capital is:

Working Capital(Q: Nov. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 1436.15 + 288.503) - (1054.371 + 295.197 + -4.5474735088646E-13)
=375.085

Working Capital(Q: Feb. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 817.553 + 197.403) - (702.356 + 272.277 + 574.052)
=-533.729

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Bed Bath & Beyond's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2023 )
=-3419.373/3247.646
=-105.29 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bed Bath & Beyond EBIT Related Terms

Thank you for viewing the detailed overview of Bed Bath & Beyond's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Bed Bath & Beyond (Bed Bath & Beyond) Business Description

Traded in Other Exchanges
N/A
Address
650 Liberty Avenue, Union, NJ, USA, 07083
Bed Bath & Beyond Inc is a specialty home retailer in the U.S that sells a wide assortment of domestic merchandise and home furnishings, the assortment of branded bed and bath accessories, kitchen textiles, and cooking supplies the firm has divested the online retailer Personalizationmall.com, One Kings Lane, Christmas Tree Shops and That (gifts/housewares), Linen Holdings, and Cost Plus World Market in recent years.
Executives
Carol Flaton director 1001 LOUISIANA STREET, HOUSTON TX 77002
Scott Lindblom officer: EVP, Chief Tech & Digital OFC 650 LIBERTY AVENUE, UNION NJ 07083
Patty Wu officer: EVP, BRAND PRESIDENT 650 LIBERTY AVENUE, UNION NJ 07083
Hobart Sichel officer: EVP,CHF MARKET'G&CUSTOMER OFC 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
David Kastin officer: EVP, CHIEF LEGAL OFFICER C/O VITAMIN SHOPPE, INC., SECAUCUS NJ 07094
Gustavo Arnal officer: EVP, CFO C/O AVON PRODUCTS, INC., 1 AVON PLACE, SUFFERN NY 10901
Rc Ventures Llc 10 percent owner, other: See Footnote 1 PO BOX 25250, PMB 30427, MIAMI FL 33102
Ryan Cohen 10 percent owner, other: See Footnote 1 C/O OLSHAN FROME WOLOSKY LLP, 1325 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Andrea Weiss director 23 RAMRAPO COURT WEST, GLENROCK NJ 07452
Laura Crossen officer: SVP, CHIEF ACCOUNTING OFFICER C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE, UNION NJ 07083
Mara Sirhal officer: EVP, CHIEF MERCHANDISING OFC C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE, UNION NJ 07083
Harriet Edelman director
Jeff Kirwan director TWO FOLSOM STREET, SAN FRANCISCO CA 94105
Sue Gove director, officer: INTERIM CEO 901 WEST WALNUT HILL LANE, MAIL STATION 6B-3, IRVING TX 75038
Mark J Tritton director, officer: PRESIDENT AND CEO TARGET CORPORATION, 1000 NICOLLET MALL, MINNEAPOLIS MN 55403