Bed, Bath and Beyond 2005 Annual Report Download - page 4

BED BATH& BEYOND ANNUAL REPORT 2005
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Founded in 1971, Bed Bath & Beyond Inc. is a nationwide chain of retail stores that sell a wide assortment of merchandise
principally including domestics merchandise and home furnishings as well as food, giftware and health and beauty care items.
The Company’s stores combine superior service and a broad selection of items at everyday low prices. Shares of Bed Bath &
Beyond Inc. are traded on the NASDAQ National Market under the symbol BBBY and are included in the Standard & Poor’s 500
Index and the NASDAQ-100 Index. The Company is counted among the Fortune 500 and the Forbes 2000.
PLEASE VOTE YOUR PROXY!
ELECTRONIC VOTING SAVES YOUR COMPANY MONEY
For the last few years, many of our shareholders have saved the Company money by voting their proxies via internet or
telephone, rather than by return mail. This year, we again 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. If you hold restricted stock under
the Company’s2004 Incentive Compensation Plan, you arealso considered the shareholder of record with respect to those shares.
As the shareholder of record, you have the right to vote by proxy. We encourage our registered shareholders to vote:
By internet – www.proxyvote.com;or
By touch-tone phone – 1-800-690-6903
Have your proxy card in hand when you access the website or call the toll-free number. Then you can follow the directions
provided.
ELECTRONIC DELIVERYOF PROXY STATEMENT AND ANNUAL REPORT
This proxy statement and the 2005 Annual Report are available in advance of the annual meeting in the Investor Relations section
of Bed Bath & Beyond’sInternet site at www.bedbathandbeyond.com.Most shareholders can elect to view future proxy state-
ments and annual reports over the Internet instead of receiving paper copies in the mail. Doing so will save the Company printing
and mailing expense.
If you are a shareholder of record, you can choose this option and save Bed Bath & Beyond the cost of production and mailing
these documents by following the instructions provided when you vote over the Internet. If you hold your Bed Bath & Beyond
shares through a bank, broker or other holder of record, please refer to the information provided by that entity for instructions
on how to elect to view future proxy statements and annual reports over the Internet.
If you choose to view future proxy statements and annual reports over the Internet, you will receive an e-mail message next year
containing the Internet address to access Bed Bath & Beyond’s proxy statement and annual report. You do not have to elect
Internet access each year. To view, cancel or change your enrollment profile, please go to www.InvestorDelivery.com. Your choice
will remain in effect until you indicate otherwise.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
OVERVIEW
Bed Bath & Beyond Inc. and subsidiaries (the “Company”) is a nationwide chain of retail stores, operating under the names
Bed Bath & Beyond (“BBB”), Christmas Tree Shops (“CTS”) and Harmon. The Company sells a wide assortment of merchandise
principally including domestics merchandise and home furnishings as well as food, giftwareand health and beauty careitems.
The Company’s objective is to be a customer’s first choice for products and services in the categories offered, in the markets in
which the Company operates.
CORPORATE PROFILE