Basis of Presentation

6 Months Ended

Aug. 27, 2011

Basis of Presentation

Basis of Presentation

1) Basis of Presentation

The accompanying consolidated financial statements have been prepared without audit. In the opinion of management, the accompanying consolidated financial statements contain all adjustments (consisting of only normal recurring accruals and elimination of intercompany balances and transactions) necessary to present fairly the financial position of Bed Bath & Beyond Inc. and subsidiaries (the “Company”) as of August 27, 2011 and February 26, 2011 and the results of its operations for the three and six months ended August 27, 2011 and August 28, 2010, respectively, and its cash flows for the six months ended August 27, 2011 and August 28, 2010, respectively.

The accompanying unaudited consolidated financial statements are presented in accordance with the requirements for Form 10-Q and consequently do not include all the disclosures normally required by U.S. generally accepted accounting principles (“GAAP”). Reference should be made to Bed Bath & Beyond Inc.’s Annual Report on Form 10-K for the fiscal year ended February 26, 2011 for additional disclosures, including a summary of the Company’s significant accounting policies, and to subsequently filed Forms 8-K.