Bed Bath & Beyond Inc.

Bed Bath & Beyond Inc.

Bed Bath & Beyond Inc.

Overview
Date Founded

1971

Headquarters

650 Liberty Avenue,Union, NJ 07083-8107

Type of Company

Public

Employees (Worldwide)

55K

Industries

Retail: Other
Pension Funds & Sovereign Wealth
Retail: Home Improvement

Company Description

Bed Bath & Beyond, Inc. engages in the operation of retail stores and retails domestics merchandise and home furnishings. It operates through the Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat!, Harmon or Harmon Face Values, buybuy BABY, and World Market, Cost Plus World Market or Cost Plus brands. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables. The company was founded by Warren Eisenberg and Leonard Feinstein in 1971 and is headquartered in Union, NJ.

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Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer, Treasurer & Executive Vice President

Chief Operating Officer & Executive Vice President

Chief Legal Officer & General Counsel

Chief Digital Officer & Executive Vice President

Chief Stores Officer & Executive Vice President

Executive Vice President, Chief Legal Officer & Corporate Secretary

Chief Merchandising Officer & Executive Vice President

Executive Vice President & Chief Brand Officer

Vice President, Corporate Development

Board of Directors

President & Chief Executive Officer at Gaston Consulting LLC

Senior Managing Director at TIAA

Former Market Area Vice President & General Manager for Service Delivery & Field Operations at Verizon Communications, Inc.

Director at Brinker International, Inc.

Founder at WinsCo Enterprises Consulting Services

Director, President & Chief Executive Officer at Bed Bath & Beyond Inc.

Corporate Governance Specialist-North American Board Practice at Spencer Stuart, Inc.

Founder at Retail Consulting Group, Inc.

Fund Advisor at Fondren Management LP

President at Vitamin World, Inc.

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Bed Bath & Beyond Inc.
Owners & Shareholders
Details Hidden

Contrarius Investment Management Ltd. is an active, contrarian manager which aims to create long-term wealth for clients by buying stocks they believe are trading below their intrinsic value and which are attractive relative to other opportunities. They follow a valuation-based investment approach, performing proprietary bottom-up research which seeks to determine the intrinsic value of an investment. The firm sells stocks when they believe they have reached their underlying intrinsic value or when they are less attractive than other opportunities, aiming to avoid the permanent loss which can result from continuing to hold a stock that ultimately corrects to fair value. Contrarius takes a long-term approach to investing, with a typical investment horizon of four years, believing that the ability to outperform in the long-term is largely determined by focusing on the long-term value of a business rather than short-term news flow.

Details Hidden

Legion Partners uses deep fundamental analysis to identify companies they believe are significantly undervalued relative to intrinsic value and future opportunity. The firm conducts proprietary research and analysis to determine their investment decisions and the engagement process for each portfolio company. Legion Partners specializes in fundamental research, long-term oriented investing and building productive relationships with portfolio companies. This involves long-term holdings and actively engaging the management and boards of public companies in order to help achieve superior long-term performance.Legion Partners engages a company by focusing the attention of its shareholders, management, and board of directors on factors they believe are contributing to the company's underperformance. In doing so, the firm seeks to increase the company's stock price to align with their of its true long-term value.Legion Partners implements their investment strategy with emphasis on small- and mid-cap companies with no limit on capitalization. The portfolio typically consists of 5 to 15 investments in equity securities of North American companies. Legion Partners has no fixed guidelines for diversification of investments among companies or industries. However, the firm does not invest more than 25% of a client's assets at the time of investment in the securities of a single company or group of affiliated companies except in situations where the client may also have a co-investment.Legion Partners typically purchases securities for a holding period of more than one year (with a target holding period of 2 to 3 years). However, they may sell securities after holding them for less than a year or the target period if, for example: the risk associated with a company changes to a degree that outweighs the expected return; its stock price aligns with Legion Partners' view of its value; if certain holdings need to be liquidated to fund new acquisitions; or for other reasons.

Details Hidden

SCA is a value-oriented investment adviser that focuses primarily on US corporate equity, but also invests in other securities and investments on behalf of the funds. The firm generally evaluates securities on an enterprise value basis, seeking to determine intrinsic value of the securities of a \"company.\" They view a \"company\" as a combination of (1) an operating business or businesses; (2) a capital structure; and (3) assets or liabilities that may not be properly reflected in a profit and loss statement. SCA attempts to purchase or sell short securities with the greatest possible deviation from their intrinsic value due to the fact that it is often difficult to estimate the intrinsic value with great precision. The steps of the firm's methods of analysis include identification; analysis; monitoring; exiting a position; market strategy; portfolio concentration; and borrowing.

Recent Transactions
Details Hidden

1-800-flowers.com, Inc. purchases PersonalizationMall.com LLC from Bed Bath & Beyond Inc.

Details Hidden

Bed Bath & Beyond Inc. purchases Decorist, Inc. from Women's Venture Capital Fund

Details Hidden

Bed Bath & Beyond Inc. purchases Chef Central of Hartsdale, Inc.

Transaction Advisors
Investment Advisor

Advised onBed Bath & Beyond Inc. purchases Cost Plus, Inc. from Red Mountain Capital Partners LLC

Legal Advisor

Advised onBed Bath & Beyond Inc. purchases Cost Plus, Inc. from Red Mountain Capital Partners LLC

Accountant

Advised onBed Bath & Beyond Inc. purchases Christmas Tree Shops, Inc.

Legal Advisor

Advised onBed Bath & Beyond Inc. purchases Cost Plus, Inc. from Red Mountain Capital Partners LLC

Legal Advisor

Advised onBed Bath & Beyond Inc. purchases Cost Plus, Inc. from Red Mountain Capital Partners LLC

Legal Advisor

Advised onBed Bath & Beyond Inc. purchases Cost Plus, Inc. from Red Mountain Capital Partners LLC

Advisors & Consultants
Legal Advisor

Partner at Proskauer Rose LLP

Legal Advisor

Partner at Proskauer Rose LLP

Advisor

Partner at Proskauer Rose LLP

Clients

Destination Maternity Corp. engages in the design, manufacture and sale of maternity apparel and related accessories. It operates stores under three brands: Motherhood Maternity, A Pea in the Pod, and Destination Maternity. The Motherhood Maternity brand serves maternity apparel business, which is used in special occasion, offering quality merchandise at affordable value. The A Pea in the Pod brand is a contemporary, fashion-forward assortment including a curated selection of exclusive designer labels at premium pricing, offering the mom2be fashionable maternity pieces that reflect her uncompromising sense of style in both casual and career apparel. The Destination Maternity brand relates to a selection of fashion offers all three brands, plus skincare, fitness, and nutritional products to pamper the pregnant woman. The company was founded in 1982 and is headquartered in Moorestown, NJ.

Key Stats and Financials As of 2020
Market Capitalization
$818M
Total Enterprise Value
$3.83B
Earnings Per Share
$-4.94
Revenue
$11.2B
Net Profit
$-614M
Total Equity
$1.76B
Three Year Compounded Annual Growth Rate Of Revenue
-2.97%
Five Year Compounded Annual Growth Rate Of Revenue
-1.25%
EBITDAMargin
2.3%
Enterprise Value Sales
0.34x
Enterprise Value EBITDAOperating
6.03x
TEVNet Income
-6.24x
Debt TEV
1.01x
EBITDA
$257M
Total Debt
$3.87B
Non-Profit Donations & Grants
$250K - $500K
2006
Suppliers
SITE Centers Corp. Trusts & Funds | Beachwood, Ohio

SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.

Jarden Corporation Advertising & Marketing | Atlanta, GA

Jarden Corporation is a leading provider of a diverse range of consumer products with a portfolio of over 100 trusted, quality brands sold globally. Jarden operates in three primary business segments through a number of well recognized brands. Headquartered in Rye, N.Y., Jarden ranks #371 on the Fortune 500 and has over 23,000 employees worldwide.

Lifetime Brands, Inc. Retail: Home Improvement | Garden City, NY

Lifetime Brands, Inc. provides kitchenware and tableware products. It operates through the following segments: U.S. and International. The U.S. segment includes the domestic operations of the Company's business that design, market and distribute its products to retailers, distributors and directly to consumers through retail websites. The International segment includes business operations conducted outside the United States. The company was founded in 1945 and is headquartered in Garden City, NY.

Awards & Honors
Rank #238
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #238
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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