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BED BATH & BEYOND INC.(Business)

Albany Times Union (Albany, NY) June 27, 2005 NASDAQ: BBBY HEADQUARTERS: 650 LIBERTY AVE., UNION, N.J. COMPANY FOUNDED: 1971 ACTIVITIES: OPERATES THREE NATIONWIDE CHAINS: BED BATH & BEYOND (670 STORES IN 44 STATES), CHRISTMAS TREE SHOPS (26 STORES IN SEVEN STATES) AND HARMON STORES (35 STORES IN THREE STATES). IN THE CAPITAL REGION, THERE ARE THREE BED BATH & BEYOND STORES (COLONIE, NISKAYUNA AND WILTON) AND ONE CHRISTMAS TREE STORE (COLONIE CENTER). EMPLOYEES: 16,000 FULL- AND 15,000 PART-TIME COMPANYWIDE Performance: Bed Bath & Beyond’s stock outperformed the Standard & Poor’s 500 index, the S&P specialty retail index and the S&P retail composite index over the past five years. A $100 investment in the company on Feb. 26, 2000, rose to about $310 by fiscal year-end 2005; a similar investment fell to about $90 on the S&P 500 but rose to about $110 on the specialty index and to about $125 on the composite index.

Special notes: Co-chairman Warren Eisenberg and Leonard Feinstein, who co-founded the company and have held various executive positions, have employment agreements that expire on June 30, 2007, but can be extended by mutual agreement. The pacts also provide that they can elect “senior status” at any time and work as consultants earning 50 percent of their former salaries for a period of up to 10 years. this web site christmas tree store

Market Outlook For the fiscal first quarter ended May 28, the company reported net income of $98.9 million, or 33 cents a share, on sales of $1.23 billion. That compares with net income of $82 million, or 27 cents a share, on sales of $1.1 billion in the year-ago quarter.

The company expects to open 85 new Bed Bath & Beyond stores during fiscal 2005.Total shares of common stock outstanding as of May 5 record date: 295,431,35 Price per share: go to site christmas tree store

June 24: $41.24 Market value:

June 24: $12.2 billion 52-week high: $44.92 52-week low: $33.88 Price/earnings ratio:

June 24: 24.12 2004 dividend per common share: $0 Stock holdings Control of common stock by 13 executive officers and directors: 15,671,224 (5.3%) Shares personally and beneficially owned:

Executive officers and 3 inside directors:

Warren Eisenberg, 74, co-founder and co-chairman: 6,814,061 Leonard Feinstein, 68, co-founder and co-chairman: 5,778,155 Steven Temares, 46, president, chief executive officer and director: 1,873,984 Arthur Stark, 50, senior vice president and chief merchandising officer: 538,996 Matthew Fiorilli, 48, senior vice president of stores: 575,796 Outside directors:

Dean Adler, 48, co-founder and principal, Lubert-Adler Management: 1,392 Stanley Barshay, 65, chairman, Schering-Plough Consumer HealthCare Products: 2,318 Klaus Eppler, 74, attorney and pensioned partner, Proskauer Rose LLP; also serves as outside lead director: 4,973 Jordan Heller, 44, partner, The Schonbraun McCann Group LLC: 760 Robert Kaplan, 47, vice chairman, The Goldman Sachs Group Inc.: 6,112 Victoria Morrison, 52, attorney and partner, Riker, Danzig, Scherer, Hyland & Perretti LLP: 642 Fran Stoller, 46, attorney and partner, Loeb & Loeb LLP: 439 Others:

Montag & Caldwell Inc., Atlanta: 17,227,829 (5.8%) Executive cash compensation (2004) (salary + bonus + other pay) Warren Eisenberg: $1,152,744 Leonard Feinstein: $1,141,133 Steven Temares: $1,031,000 Arthur Stark: $613,000 Matthew Fiorilli: $613,000 Total of top five compensated officers: $4,550,877 Drawn from SEC filings; compiled by Betsy Feldstein.

CAPTION(S):

Will Waldron/Times Union KEENAN BLACKNOLL is general manager of the Bed Bath & Beyond store on Wolf Road in Colonie, one of three operated by the New Jersey-based retailer in the Capital Region.