Bed Bath & Beyond (BBBY)

Operating Profit

Operating profit for fiscal 2008 was $673.9 million or 9.3% of net sales, $838.0 million or 11.9% of net sales in fiscal 2007 and $889.4 million or 13.4% of net sales in fiscal 2006. The year over year decreases in operating profit as a percentage of net sales were a result of changes in gross profit and SG&A, as discussed above.

Operating Profit

Operating profit for fiscal 2008 was $673.9 million or 9.3% of net sales, $838.0 million or 11.9% of net sales in fiscal 2007 and $889.4 million or 13.4% of net sales in fiscal 2006. The year over year decreases in operating profit as a percentage of net sales were a result of changes in gross profit and SG&A, as discussed above.

Operating Profit

Operating profit for the three months ended November 29, 2008 was $136.4 million or 7.6% of net sales compared to $203.2 million or 11.3% of net sales during the comparable period in 2007. For the nine months ended November 29, 2008, operating profit was $442.6 million or 8.4% of net sales compared to $578.6 million or 11.3% of net sales during the comparable period in 2007. The decreases in operating profit as a percentage of net sales in the comparable periods were a result of deleverage in the gross profit margin and SG&A expenses.

Operating Profit

Operating profit for the three months ended August 30, 2008 was $187.4 million or 10.1% of net sales compared to $221.0 million or 12.5% of net sales during the comparable period in 2007. For the six months ended August 30, 2008, operating profit was $306.2 million or 8.7% of net sales compared to $375.4 million or 11.3% of net sales during the comparable period in 2007. The decreases in operating profit as a percentage of net sales in the comparable periods were a result of deleverage in the gross profit margin and SG&A expenses.

Operating Profit

Operating profit for the three months ended May 31, 2008 was $118.8 million, or 7.2% of net sales, compared to $154.4 million, or 9.9% of net sales, during the comparable period in 2007. The decrease in operating profit as a percentage of net sales was a result of deleverage in the gross profit margin and SG&A expenses.

Operating Profit

Operating profit for fiscal 2007 was $838.0 million or 11.9% of net sales compared to $889.4 million or 13.4% of net sales in fiscal 2006. The decrease in operating profit as a percentage of net sales was a result of the deleverage in the gross margin and SG&A, as discussed above.

Operating profit was $889.4 million or 13.4% of net sales in fiscal 2006 compared to $879.2 million or 15.1% of net sales in fiscal 2005. The decrease in operating profit as a percentage of net sales was the result of the deleverage in SG&A, as discussed above.

Operating Profit

Operating profit for the three months ended December 1, 2007 was $203.2 million, or 11.3% of net sales, compared to $211.1 million, or 13.0% of net sales, during the comparable period in 2006. For the nine months ended December 1, 2007, operating profit was $578.6 million, or 11.3% of net sales, compared to $579.5 million, or 12.5% of net sales, during the comparable period in 2006. The decreases in operating profit as a percentage of net sales for the three and nine month periods ended December 1, 2007 were primarily a result of the deleverage in the gross margin.

Operating Profit

Operating profit for the three months ended September 1, 2007 increased to $221.0 million, or 12.5% of net sales, compared to $219.6 million, or 13.7% of net sales, during the comparable period in 2006. For the six months ended September 1, 2007, operating profit was $375.4 million, or 11.3% of net sales compared to $368.4 million, or 12.3% of net sales during the comparable period in 2006. The decrease in operating profit as a percentage of net sales was a result of the deleverage in the gross margin and SG&A.

Operating Profit

Operating profit for the three months ended June 2, 2007 increased to $154.4 million, or 9.9% of net sales, compared to $148.8 million, or 10.7% of net sales, during the comparable period in 2006. The decrease in operating profit as a percentage of net sales was a result of the deleverage in the gross margin and SG&A expenses.

Operating Profit

Operating profit for the three months ended November 25, 2006 was $211.1 million, or 13.0% of net sales compared to $205.5 million, or 14.2% of net sales during the comparable period in 2005. For the nine months ended November 25, 2006, operating profit was $579.5 million, or 12.5% of net sales compared to $574.3 million, or 13.9% of net sales during the comparable period in 2005.  The decreases in operating profit as a percentage of net sales were the results of the deleverage in SG&A expenses partially offset by gross margin improvements, as described above.

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Operating Profit

Operating profit for the three months ended August 26, 2006 was $219.6 million, or 13.7% of net sales compared to $217.9 million, or 15.2% of net sales during the comparable period in 2005. For the six months ended August 26, 2006, operating profit was $368.4 million, or 12.3% of net sales compared to $368.8 million, or 13.8% of net sales during the comparable period in 2005.  The decrease in operating profit as a percentage of net sales was a result of the deleverage in SG&A expenses partially offset by gross margin improvement, as described above.

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Operating Profit

Operating profit for the three months ended May 27, 2006 decreased to $148.8 million, compared to $150.9 million during the comparable period in 2005. The decrease in operating profit was a result of the deleverage in SG&A expenses partially offset by gross margin improvement.

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Operating Profit

Operating profit increased to $879.2 million in fiscal 2005 compared to $792.4 million in fiscal 2004. The improvements in operating profit were a result of the increase in net sales and a relative increase in gross profit as a percentage of net sales partially offset by a relative increase in SG&A as a percentage of net sales, as discussed above.

Operating profit increased to $792.4 million in fiscal 2004 compared to $639.3 million in fiscal 2003. The improvements in operating profit were a result of the increase in net sales and a relative increase in gross profit as a percentage of net sales and a relative decrease in SG&A as a percentage of net sales, as discussed above.

Operating Profit

Operating profit for the three months ended November 26, 2005 increased to $205.5 million, compared to $191.0 million during the comparable period in 2004. For the nine months ended November 26, 2005, operating profit increased to $574.3 million compared to $508.8 million during the comparable period in 2004.  The improvements in operating profit were a result of the gross margin improvement partially offset by the deleverage in SG&A expenses.

Operating Profit

Operating profit for the three months ended August 27, 2005 increased to $217.9 million, compared to $189.1 million during the comparable period in 2004.  For the six months ended August 27, 2005 operating profit increased to $368.8 million compared to $317.8 million during the comparable period in 2004.  The improvements in operating profit were a result of the increases in net sales, and gross profit as a percentage of net sales, as discussed above.

Operating Profit

Operating profit for the three months ended May 28, 2005 increased to $150.9 million, compared to $128.7 million during the comparable period in 2004.  The improvement in operating profit was a result of the increase in net sales, a relative increase in gross profit as a percentage of net sales and a relative decrease in SG&A as a percentage of net sales, as discussed above.

Operating Profit

Operating profit increased to $792.4 million in fiscal 2004 compared to $639.3 million in fiscal 2003.  The improvements in operating profit were a result of the increase in net sales and a relative increase in gross profit as a percentage of net sales and a relative decrease in SG&A as a percentage of net sales, as discussed above.

Operating Profit

Operating profit for the three months ended November 27, 2004 increased to $191.0 million compared to $161.5 million during the comparable period in 2003.   For the nine months ended November 27, 2004 operating profit increased to $508.8 million compared to $407.8 million during the comparable period of 2003.  The improvements in operating profit were a result of the increases in net sales and relative increases in gross profit as a percentage of net sales and relative decreases in SG&A as a percentage of net sales, as discussed above.

Operating Profit

Operating profit for the three months ended November 27, 2004 increased to $191.0 million compared to $161.5 million during the comparable period in 2003.  For the nine months ended November 27, 2004 operating profit increased to $508.8 million compared to $407.8 million during the comparable period of 2003.  The improvements in operating profit were a result of the increases in net sales and relative increases in gross profit as a percentage of net sales and relative decreases in SG&A as a percentage of net sales, as discussed above.