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The document is Bed Bath & Beyond's 2004 Annual Report. It includes the letter to shareholders, highlights of fiscal year 2004 results, and an overview of management's discussion and analysis. Some key points: - Net sales increased 15% to $5.1 billion and net earnings increased 26.4% to $505 million. - The company opened 85 new Bed Bath & Beyond stores and expanded store space by 12.1%. - Comparable store sales increased 4.5% and the company returned $350 million to shareholders through a share repurchase program.































