Beyond (BYON) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of a loss of $0.67. This compares to loss of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.31%. A quarter ago, it was expected that this online discount retailer would post a loss of $0.74 per share when it actually produced a loss of $0.91, delivering a surprise of -22.97%.Over the last four quarters, the company has ...

Beyond, Inc. Delivers Significant Financial Improvement Across Key Operational Guideposts – Signals Imminent Shift to Revenue Growth Phase Company believes it is less than 60 days from transitioning out of restructuring and into revenue growth 46% improvement in Net Loss and 72% improvement in Adjusted EBITDA year-over-year, driven by gross margin expansion, SG&A reduction, and the elimination of non-contributory SKUs and vendors MURRAY, Utah - April 28, 2025 - Beyond, Inc. (NYSE:BYON), owner of Bed Bath & ...

MURRAY, Utah, March 18, 2025 (GLOBE NEWSWIRE) -- Beyond, Inc. (NYSE:BYON), owner of Bed Bath & Beyond, buybuy BABY and Overstock announced today that it has entered into a definitive agreement to sell its Zulily brand to Lyons Trading Company, the operator of leading online off-price retailer Proozy.com. Beyond will receive $5 million while maintaining a 25% stake in the brand. “We have made significant progress in improving the performance of Bed Bath & Beyond and Overstock.com through sequential margin im ...

Core Viewpoint - Beyond, Inc. has entered into a definitive agreement to sell its Zulily brand to Lyons Trading Company for $5 million while retaining a 25% stake in the brand [1] Group 1: Financial Performance and Strategy - The company has made significant progress in improving the performance of its core brands, including Bed Bath & Beyond and Overstock.com, through margin improvement, enhanced site experience, vendor consolidation, and right-sizing fixed expenses [2] - The sale of Zulily is part of the company's commitment to resource optimization and focusing on its largest growth opportunities, with an expectation that the sale will have an immaterial impact on adjusted earnings per share for the full year [3] Group 2: Company Overview - Beyond, Inc. is an ecommerce-focused affinity company based in Murray, Utah, owning various retail brands, including Bed Bath & Beyond, Overstock, and buybuy Baby, aimed at unlocking customers' home potential through a vast data cooperative [4]

Core Insights - Beyond, Inc. has appointed Debra Perelman as an independent director, effective March 14, 2025, to strengthen its Board of Directors [1][2][3] Company Overview - Beyond, Inc. is an ecommerce-focused affinity company based in Murray, Utah, owning brands such as Bed Bath & Beyond, Overstock, and buybuy BABY, providing a wide range of products and services [4] Leadership Experience - Debra Perelman brings over 27 years of leadership experience in various business areas, including finance, ecommerce, and corporate strategy, which will enhance Beyond's strategic direction [2][3] Strategic Vision - The Chairman of Beyond emphasized that Perelman's expertise in digital and consumer markets will be crucial for the company's growth and profitability, as it aims to aggregate consumer brands and evolve its omnichannel strategy [3] Brand Portfolio - Beyond's brand portfolio, including iconic names like Bed Bath & Beyond and Overstock, is seen as a strong foundation for growth in the retail sector, with Perelman expressing excitement about supporting the company's transformation [3]

Core Viewpoint - Beyond, Inc. has appointed Debra Perelman as an independent director to enhance its strategic transformation and growth efforts [1][2][3] Company Overview - Beyond, Inc. is based in Murray, Utah, and focuses on e-commerce, owning brands such as Bed Bath & Beyond, Overstock, and buybuy BABY [4] - The company aims to provide a comprehensive array of products and services to help customers unlock their homes' potential through a vast data cooperative [4] Leadership Appointment - Debra Perelman, former CEO of Revlon, brings over 27 years of leadership experience across finance, distribution, sales, e-commerce, data analytics, investment, and marketing [2] - Her expertise in corporate strategy and innovation is expected to strengthen Beyond's Board and support the company's growth in the retail sector [2][3] Strategic Goals - Beyond's Chairman, Marcus Lemonis, emphasized that Perelman's operational experience will be crucial in seizing opportunities in the digital and consumer space [3] - Perelman expressed enthusiasm for supporting the transformation of Beyond and driving profitability and long-term success [3]

— Leadership changes reinforce mandate to faster return to profitability — Management commits to an additional annualized $15 million fixed cost reduction MURRAY, Utah, March 10, 2025 (GLOBE NEWSWIRE) -- Beyond, Inc. (NYSE:BYON), owner of Bed Bath & Beyond, Overstock, and buybuy BABY announced today that its Board of Directors appointed Executive Chairman Marcus Lemonis to serve as the Company’s Principal Executive Officer and appointed Adrianne Lee to serve as its President & CFO. Mr. Lemonis commented, “ ...

Leadership Changes - Beyond, Inc. appointed Marcus Lemonis as Principal Executive Officer and Adrianne Lee as President & CFO to enhance leadership and accelerate profitability [1][2] - The company committed to an annualized fixed cost reduction of $15 million, primarily related to Technology Transformation [2][3] Strategic Priorities - The management aims to improve key metrics such as Adjusted EBITDA, gross margin, and reduced fixed costs while unlocking the value of blockchain investments [2] - Adrianne Lee emphasized the need to return the core commerce business to profitability and extract value from blockchain investments [2][3] Leadership Experience - Adrianne Lee has served as CFO for five years and will work closely with Marcus Lemonis to drive the company's strategic priorities [3] - Lemonis highlighted Lee's leadership style, focusing on performance, capital allocation, and customer experience [4] Company Overview - Beyond, Inc. is an ecommerce-focused affinity company based in Murray, Utah, owning brands like Bed Bath & Beyond and Overstock [4]

Company Overview - Beyond, Inc. reported a name change from Overstock.com, Inc. to Beyond, Inc. in November 2023 and transferred its stock listing to the New York Stock Exchange [19]. - The company offers a wide range of products, with its retail transactions fulfilled through a network of partners, allowing for an extensive product assortment reaching into the millions [22]. - Beyond, Inc. emphasizes a simplified customer experience with a user-friendly interface and a focus on price, value, and quality [21]. - The company has established a collaborative partnership with Kirkland's Home brand to operate Bed Bath & Beyond neighborhood stores, enhancing its market presence [21]. Employee Relations and Benefits - As of December 31, 2024, Beyond, Inc. employed approximately 610 full-time employees, with a focus on maintaining good employee relations and high competition for qualified personnel [37]. - The company has a total rewards philosophy that includes competitive cash and non-cash compensation programs to attract and retain employees [40]. - Beyond, Inc. offers a retirement savings plan with a dollar-for-dollar match up to 6% of employee contributions, promoting financial wellness for its workforce [44]. - The company offers a competitive benefits package, including medical, dental, vision insurance, health savings accounts, flexible spending accounts, and a generous 401(k) matching program [49]. - In 2024, the company expanded benefits to include unlimited flexible time away for all exempt employees, enhancing work/life integration [49]. - The company emphasizes employee development through various resources, including online courses and mentoring programs, to support career progression [50]. - The corporate culture is performance-based and inclusive, aiming to engage and retain highly qualified employees [51]. - The average employee tenure is seven years overall, with customer service and warehouse departments averaging six and a half years [47]. - The 401(k) committee meets quarterly to review the plan and ensure it serves employees effectively [53]. Financial Performance - The company reported an accumulated deficit of $740.5 million as of December 31, 2024, with significant losses incurred from 2022 to 2024, including non-cash losses on equity method investments and a write-down loss on its corporate headquarters [77]. - Revenue decreased by 11% in 2024 compared to 2023, primarily due to an 8% decrease in orders delivered and a 3% decrease in average order value [173]. - Gross profit decreased by 21% in 2024 compared to 2023, with gross margin declining to 20.8% from 23.4% [174]. - Cash and cash equivalents decreased from $302.6 million as of December 31, 2023 to $159.2 million as of December 31, 2024, a decrease of $143.4 million [172]. - Net revenue for the year ended December 31, 2024, was $1,394,964, a decrease of 10.6% compared to $1,561,122 in 2023 [198]. - The effective tax rate for 2024 was (0.3)%, a significant decrease from (15.7)% in 2023, influenced by research tax credits and valuation allowances [216]. Market Competition and Risks - The company faces intense competition in the online retail market, competing with major players like Amazon and various specialty retailers [62]. - The company actively manages risks related to operational, litigation, and regulatory environments that could impact financial results [60]. - The company relies on third-party partners for critical business functions, and any issues with these partners could adversely affect operations [61]. - Customer expectations are evolving, necessitating continuous adaptation in marketing and fulfillment strategies to meet demand [65]. - The company faces numerous cybersecurity risks, including threats from state-sponsored organizations and opportunistic hackers, which could materially impact operations and financial results [89]. - The company is subject to evolving data privacy laws, including the California Consumer Privacy Act (CCPA), which imposes significant compliance costs and operational changes [83]. Operational Challenges - The company has undergone significant changes, including a rebranding from Overstock.com, Inc. to Beyond, Inc., and the acquisition of the Bed Bath & Beyond and Zulily brands, which may lead to customer and stockholder confusion [73]. - The company has experienced periodic systems interruptions due to server failures and cyberattacks, which could materially affect its ability to conduct business [80]. - The company relies heavily on paid and natural search engines for traffic, and any decline in rankings, particularly on Google, could adversely affect its financial results [76]. - The evolving business model increases complexity, impacting management, operations, and financial resources [116]. Legal and Regulatory Issues - The company is involved in various legal proceedings that could divert management's attention and incur significant expenses, potentially harming its reputation [101]. - The rapidly evolving regulatory landscape for cryptocurrencies may subject the company to inquiries or investigations, requiring costly compliance measures [104]. - The company is subject to rules and regulations established by the SEC and NYSE regarding internal control over financial reporting, which could affect its ability to report financial results accurately [135]. Strategic Initiatives - The company provided $17.0 million in debt financing to Kirkland's Stores, Inc. in October 2024 [184]. - The company entered into an asset purchase agreement to acquire the Buy Buy Baby brand for a total purchase price of $5.0 million [185]. - The company recognized $43.0 million in proceeds from the sale of common stock under its "at-the-market" sales program [182]. - The company entered into a $25.0 million revolving line of credit in October 2024 to support strategic ventures [196].

Beyond, Inc. (NYSE:BYON) Q4 2024 Earnings Conference Call February 25, 2025 8:30 AM ET Company Participants Allison Fletcher - Vice President of Legal and Acting General Counsel Marcus Lemonis - Executive Chairman Adrianne Lee - Chief Financial and Administrative Officer Dave Nielsen - President Conference Call Participants Jonathan Matuszewski - Jefferies Thomas Forte - Maxim Group Julio Marquez - Guggenheim Alexia Morgan - Piper Sandler Rick Patel - Raymond James Operator Ladies and gentlemen, thank you f ...