Q2 2024 Earnings Call Forward-Looking Statements 1 Adjusted EBITDA is a non-GAAP financial measure. See reconciliation in appendix. 2 Adjusted Diluted EPS is a non-GAAP financial measure. Includes adjustment related to estimated tax impact from equity method activity. See reconciliation in appendix. Revenue Q2'24 Dynamics 5 Gross Margin Gross Margin ($M) (%) 23.1% 26.3% 25.2% 26.3%25.5% 22.2% 19.2% 19.5% 20.1% 0% 5% 10% 15% 20% 25% 30% $0 $25 $50 $75 $100 $125 $150 $175 $200 $225 $250 $275 Q2 '19 Q2 '20 Q2 ...

Financial Data and Key Metrics - Revenue declined 6% YoY in Q2 2024, but increased 4% sequentially, driven by an 18% improvement in average order value (AOV) [32] - Gross margin was 20.1% for the quarter, a 530 basis point decline YoY, but improved 70 basis points sequentially [56] - Adjusted EBITDA loss was $36 million, an $11 million improvement from Q1 2024 [17] - GAAP EPS was a loss of $0.93 per share, with an adjusted diluted loss per share of $0.76 [17] - Cash balance at the end of Q2 was $186 million [58] Business Line Performance - **Bed Bath & Beyond**: Growth in core categories like bedding, bath, and decor, with emerging strength in patio and outdoor furniture [10][11] - **Overstock**: First full quarter post-relaunch, with strong performance in area rugs, furniture, and patio furniture [12] - **Zulily**: Progress in onboarding legacy vendors and adding new vendors, with plans to launch a member login for evergreen assortments [13] Market Performance - Overstock's daily sales averaged around $300,000-$310,000 post-relaunch, with expectations for continued growth [82] - Bed Bath & Beyond saw an uptick in repeat customer sales, indicating improved customer retention [29] Strategic Direction and Industry Competition - Focus on profitability and maintaining an asset-light model [6] - Plans to expand Bed Bath & Beyond into a $1 billion+ e-commerce brand and explore IP monetization [6] - Overstock aims to dominate the North American liquidation and closeout market [24] - Development of a world-class loyalty program leveraging partnerships with non-competing companies [25] Management Commentary on Operating Environment and Future Outlook - Management expects Q3 revenue to align with historical trends of a 12%-14% decline from Q2, with sequential gross margin and EBITDA improvements [19][122] - Long-term goal is to achieve profitability by 2025, with a focus on margin improvement and customer file growth [48][63] Other Important Information - The company is finalizing agreements with a large-scale closeout and reverse logistics company [24] - Plans to launch Zulily in mid-September, with expected contributions in Q4 [82] - Efforts to monetize non-performing assets, including the sale of the headquarters building and active discussions with Medici fund companies [58] Q&A Session Summary Steven Forbes (Guggenheim Partners) - **Question**: Timeline for profitability and cash flow dynamics [63] - **Answer**: Expectation to achieve profitability by 2025, with a focus on margin improvement and customer file growth [63][64] Thomas Forte (Maxim Group) - **Question**: Capital allocation priorities and monetization of non-performing assets [68] - **Answer**: Focus on remaining asset-light, with plans to sell the headquarters building and increase communication with Medici fund companies [69][70] Seth Sigman (Barclays) - **Question**: Q2 performance and expectations for Q3 [49] - **Answer**: Q2 was a test period for demand sensitivity, with expectations for Q3 to outperform historical trends and improve margins [49][81] Rick Patel (Raymond James) - **Question**: Active customer growth and expectations for Q3 [112] - **Answer**: Most customer growth in Q2 came from Bed Bath & Beyond, with plans to reengage legacy customers and improve marketing efficiency [112][113] Curtis Nagel (BofA) - **Question**: Q3 trends and guidance mechanics [94] - **Answer**: Q3 is a transition quarter with a focus on calibration and preparation for Q4, with expectations to outperform historical trends [94][121] Marvin Fong (BTIG) - **Question**: Gross margin targets and patio furniture performance [99][131] - **Answer**: Gross margin target is mid-20s, with ongoing efforts to improve through vendor relationships and curation [100][127] Jonathan Matuszewski (Jefferies) - **Question**: Vendor strategy and physical presence aspirations [139][142] - **Answer**: Focus on narrowing the supplier base and exploring omnichannel opportunities without taking on physical assets [139][162]

Beyond (BYON) came out with a quarterly loss of $0.76 per share versus the Zacks Consensus Estimate of a loss of $0.89. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call ...

MIDVALE, Utah, June 03, 2024 (GLOBE NEWSWIRE) -- Beyond, Inc. (NYSE:BYON), owner of Overstock, Bed Bath & Beyond, Zulily, and other online retail brands designed to unlock your home's potential, today announced that the company will be participating in the following investor events: UBS Consumer Insights Day, with virtual participation and a fireside chat on June 13, 2024 at 11:30 a.m. ET. This fireside chat will be webcast to UBS clients only. Jefferies Consumer Conference in Nantucket on June 17-18, 2024. ...

MIDVALE, Utah, June 03, 2024 (GLOBE NEWSWIRE) -- Beyond, Inc. (NYSE:BYON), owner of Overstock, Bed Bath & Beyond, Zulily, and other online retail brands designed to unlock your home's potential, today announced that the company will be participating in the following investor events: UBS Consumer Insights Day, with virtual participation and a fireside chat on June 13, 2024 at 11:30 a.m. ET. This fireside chat will be webcast to UBS clients only. Jefferies Consumer Conference in Nantucket on June 17-18, 2024. ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41850 (801) 947-3100 (Registrant's telephone number, including area code) If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards ...

Beyond, Inc. [BYON] Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Marcus Lemonis - Executive Chairman Adrianne Lee - CFO & Admin Officer Dave Nielsen - CEO, Overstock Chandra Holt - CEO, Bed Bath & Beyond Alexis Callahan - VP, IR & Public Relations Conference Call Participants Thomas Forte - Maxim Group Anna Andreeva - Needham Josh Reiss - Raymond James Peter Keith - Piper Sandler Jonathan Matuszewski - Jefferies, Inc. Operator Hello, and welcome to the first quarter 2024 Beyo ...

Beyond May 7, 2024 The information presented herein may contain forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements include all statements other than statements of historical fact, including forecasts of trends, market conditions, the impact of our national marketing campaign, and other factors that will impact our results of operations. You should not place undue reliance on any forward-looking statements, which speak only as of the date they were m ...

Beyond (BYON) came out with a quarterly loss of $1.22 per share versus the Zacks Consensus Estimate of a loss of $0.92. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -32.61%. A quarter ago, it was expected that this online discount retailer would post a loss of $0.71 per share when it actually produced a loss of $1.22, delivering a surprise of -71.83%.Over the last four quarters, the company ha ...

– Reported Revenue Growth on a Year-over-Year Basis – – Delivered 2.2 Million Orders, Representing a 27% YoY Increase in Transaction Volume – – Acquired Zulily, Doubling Down on Off-Priced Home and Lifestyle Business – – Soft Launched Iconic Overstock Site 6 Months Ahead of Schedule; Early Growth is Promising – MIDVALE, Utah, May 06, 2024 (GLOBE NEWSWIRE) -- Beyond, Inc. (NYSE:BYON), parent company of Overstock, Bed Bath & Beyond, Zulily, and other online retail brands designed to unlock your home's potenti ...