Bed Bath & Beyond Announces $2.5B Share Repurchase Program

The Company is pleased to announce that its Board of Directors has authorized a new $2.5 billion share repurchase program. The Company is currently planning that the new share repurchase program will commence after completion of the existing share repurchase program. During the fiscal third quarter of 2012, the Company repurchased approximately $191 million of its common stock, representing approximately 3.1 million shares, under its existing share repurchase program authorized in December 2010. As of November 24, 2012, the remaining balance of the existing share repurchase program was approximately $223 million. Since 2004 through the fiscal third quarter of 2012, the Company has returned approximately $4.7 billion to our shareholders through share repurchases.