Bed, Bath and Beyond 2010 Annual Report Download - page 7

Download and view the complete annual report

Please find page 7 of the 2010 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 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

BED BATH & BEYOND 2010 ANNUAL REPORT
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
respectively.
The Company plans to continue to expand its operations and invest in its infrastructure to reach its long term objectives. In fiscal
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀
RESULTS OF OPERATIONS
The following table sets forth for the periods indicated (i) selected statement of earnings data of the Company expressed
as a percentage of net sales and (ii) the percentage change in dollar amounts from the prior year in selected statement of
earnings data:
Fiscal Year Ended
Percentage Percentage Change
of Net Sales from Prior Year
February 26, ฀ ฀฀ ฀฀฀ February 26,฀฀ ฀฀
2011฀ ฀ ฀ 2011 ฀ 
Net sales 100.0% ฀ ฀฀ ฀ 11.9% 
Cost of sales 58.6 ฀ ฀฀ ฀ 11.1 ฀฀ 
฀฀41.4 ฀ ฀฀ ฀฀ 12.9 ฀ 
Selling, general and administrative expenses 26.7 ฀฀ ฀ 4.8฀฀ 
Operating profit 14.7 ฀฀ ฀฀ 31.4฀ 
Earnings before provision for income taxes 14.8 ฀฀ ฀฀ 31.2฀ 
Net earnings 9.0 ฀฀ ฀฀ 31.9฀ 
Net Sales
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
increase was primarily attributable to an increase in the Company’s comparable store sales.
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
merchandise offerings.