Bed, Bath and Beyond 2001 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2001 Bed, Bath and Beyond annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 19

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19

BED BATH & BEYOND ANNUAL REPORT 2001
1
Founded in 1971, Bed Bath & Beyond Inc. is a nationwide chain of stores selling predominantly better quality
domestics merchandise and home furnishings. The Company’s 407 Bed Bath & Beyond stores (as of May 3, 2002)
principally range in size from 25,000 to 50,000 square feet, with some stores exceeding 80,000 square feet.
They combine superior service and a huge selection of items at everyday low prices within a constantly evolving
shopping environment that has proven to be both fun and exciting for customers. The Company acquired
Harmon Stores, Inc., a health and beauty care retailer, on March 5, 2002. The Company’s 28 Harmon stores
(as of May 3, 2002) principally range in size from 5,000 to 8,700 square feet. Bed Bath & Beyond Inc.’s stock is
traded on the NASDAQ National Market under the symbol BBBY and is included in the Standard & Poor’s 500
Index, the NASDAQ-100 Index, and the Forbes 500.
February 25, February 26, February 27, February 28,
1996 1995 1994 1993
$ 597,352 $ 437,807 $ 304,571 $ 216,411
250,036 183,819 127,972 90,528
67,585 51,685 36,906 26,660
39,459 30,013 21,887 15,960
$ .14 $ .11 $ .08 $ .06
80 61 45 38
3,214,000 2,339,000 1,512,000 1,128,000
3.8% 12.0% 10.6% 7.2%
$ 91,331 $ 74,390 $ 56,001 $ 34,842
235,810 176,678 121,468 76,654
5,000 16,800 13,300
$ 151,446 $ 108,939 $ 77,305 $ 54,643
PLEASE VOTE YOUR PROXY!
ELECTRONIC VOTING SAVES YOUR COMPANY MONEY
Last year, many of our shareholders saved the Company money by
voting their proxies via internet or telephone, rather than by return
mail. This year we encourage all of our shareholders to take
advantage of electronic voting.
Most Bed Bath & Beyond shareholders hold their shares
through a stockbroker, bank or other nominee rather than directly in
their own name. If you hold your shares in one of these ways, you
are considered a beneficial owner. Your broker or nominee has
enclosed a voting instruction form for you to use in directing them
in how to vote your shares. Most institutions make internet or
telephone voting options available to their beneficial owners, so
please see the voting instruction form for specific information.
If your shares are registered directly in your name with Bed
Bath & Beyond’s transfer agent, you are considered the shareholder
of record with respect to those shares, and these proxy materials are
being sent directly to you. As the shareholder of record, you have the
right to vote by proxy. We encourage our registered shareholders to
vote your proxy:
By internet – www.proxyvote.com; or
By touch-tone phone – 1-800-690-6903
Have your proxy card in hand when you access the web site or call
the toll-free number. You will be prompted to enter your 12-digit
Control Number, which is located below the voting instructions on
the proxy card. Then you can follow the directions provided.