Financial Data and Key Metrics Changes - Revenue declined by 39% year over year in Q1 2025 due to the elimination of noncontributory SKUs and vendors, resulting in fewer orders and new customers [38] - Average Order Value (AOV) increased to $194, a $21 increase year over year, indicating a larger basket size [38] - Gross margin improved to 25%, a 560 basis point increase compared to the same period last year, exceeding internal targets [39][40] - Adjusted EBITDA came in at a loss of $13 million, a 72% improvement year over year [42] - Reported GAAP EPS was a loss of $0.74 per share for Q1, with an adjusted diluted loss per share of $0.42, an $0.80 improvement year over year [42] Business Line Data and Key Metrics Changes - The Overstock brand has seen a resurgence, successfully selling high-end items like Gucci bags alongside furniture [10] - The Bed Bath and Beyond site has undergone significant SKU reduction, cutting almost 8 million SKUs, and is being reimagined to focus on core items while expanding into new categories [11][12] - Buy Buy Baby was recently acquired, with plans to reestablish it as a life events brand [12][19] Market Data and Key Metrics Changes - The company is focusing on improving customer experience and retention, with a goal to increase the size of the retained database and build basket size over time [14][21] - The company anticipates revenue growth in Q2 and Q3 of 2025 compared to Q1, despite a challenging economic environment [36] Company Strategy and Development Direction - The company is transitioning from a restructuring phase to a growth mindset, aiming for profitability through disciplined pricing and marketing strategies [39][40] - Plans include opening new stores for Overstock and launching Bed Bath Home stores, which will feature a curated selection of products [16][17] - The company is committed to being asset-light and focusing on technology investments to enhance customer experience [22][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current economic challenges, including high interest rates, but believes the company is well-positioned to survive and thrive [31][32] - The management is cautious about tariffs and anticipates some price increases but is confident in the company's ability to manage costs effectively [34][35] - The company is optimistic about future revenue growth and is focused on building a sustainable business model [36][39] Other Important Information - The company has integrated Salesforce and established a new direct-to-consumer marketing team to improve efficiency [25] - Cash and cash equivalents at the end of the quarter were $166 million, with significant investments made in Kirkland's and Buy Buy Baby [43][88] Q&A Session Summary Question: Can you talk about the confidence level that this is the bottom and you're guiding to revenue growth sequentially through this year? - Management believes that Q1 revenue is the floor and is confident in the ability to pull levers for profitability, focusing on marketing efficiency and site conversion [48][49] Question: Can you help kind of put a stake in the ground in terms of maybe a roadmap or a milestone for reaching breakeven EBITDA? - Management provided a target of $1.2 billion in annualized revenue at a 25% margin and 13% marketing expense to reach breakeven EBITDA [59][61] Question: What are your brand activation strategies for Buy Buy Baby? - Management plans to spend strategically to reintroduce the brand while ensuring that initiatives do not lead to unnecessary losses [64][66] Question: Can you compare and contrast the tokenization of Overstock versus Buy Buy Baby? - Management aims to prove the value of blockchain assets through strategic token offerings, with a focus on demonstrating functionality and market potential [72][84]

Financial Data and Key Metrics Changes - Revenue declined by 39% year over year in Q1 2025 due to the elimination of noncontributory SKUs and vendors, resulting in fewer orders and new customers [40] - Average Order Value (AOV) increased to $194, a $21 increase year over year, indicating a larger basket size [40] - Gross margin improved to 25%, a 560 basis point increase compared to the same period last year, exceeding internal targets [41][42] - Adjusted EBITDA loss was $13 million, a 72% improvement year over year [44] - Reported GAAP EPS was a loss of $0.74 per share, while adjusted diluted loss per share was $0.42, an $0.80 improvement year over year [45] Business Line Data and Key Metrics Changes - The restructuring efforts have led to a significant reduction in SKUs on the Bed Bath and Beyond site, with over 6 million SKUs removed [96] - The company is focusing on improving the product offering and customer acquisition across its brands, with Bed Bath and Beyond still accounting for the majority of transactions [95][96] Market Data and Key Metrics Changes - The company anticipates revenue growth in Q2 and Q3 of 2025 compared to Q1 2025, despite a challenging economic environment [38] - The management believes that the total addressable market (TAM) remains large enough to achieve revenue growth even if furniture sales slow down [38] Company Strategy and Development Direction - The company is transitioning from a restructuring phase to a growth mindset, focusing on improving customer experience and expanding product categories [41][44] - Plans to open new Overstock stores and launch Bed Bath and Beyond Home stores to enhance customer engagement and improve financial performance [18][19] - The company aims to leverage its blockchain assets and explore new investment opportunities to enhance value [76][89] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that Q1 2025 revenue represents a floor, with expectations for sequential growth in the following quarters [50][54] - The company is committed to maintaining a disciplined approach to marketing and pricing to improve profitability [41][62] - Management acknowledged the challenges posed by the current economic environment, including high interest rates, but believes the company is well-positioned to navigate these challenges [31][33] Other Important Information - The company ended the quarter with $166 million in cash and inventory, reflecting a stronger financial position compared to previous periods [46] - The management has identified $80 million in fixed cost reductions, with 93% of this commitment already realized [43] Q&A Session Summary Question: Can you talk about the confidence level that this is the bottom and you're guiding to revenue growth sequentially through this year? - Management believes that Q1 revenue is the floor and is confident in the ability to pull levers for profitability, focusing on marketing efficiency and site conversion [50][52] Question: Can you help kind of put a stake in the ground in terms of maybe a roadmap or a milestone for reaching breakeven EBITDA? - Management indicated that to reach breakeven EBITDA, the company needs to achieve $1.2 billion in annualized revenue at a 25% margin and 13% marketing expense [62][64] Question: What are your brand activation strategies for Buy Buy Baby? - Management plans to carefully manage spending to ensure profitability while reintroducing the brand, focusing on community engagement and tailored offerings [67][69] Question: Can you compare and contrast the tokenization of Overstock versus Buy Buy Baby? - Management clarified that the tokenization strategy aims to prove the platform's functionality and value, with different approaches for each brand [76][80]

Financial Performance - Revenue for Q1 2025 was $231.7 million, a decrease of 39% compared to Q1 2024[6, 10] - Gross margin in Q1 2025 was 25.1%, an increase of 560 bps compared to Q1 2024[6, 15] - Adjusted EBITDA for Q1 2025 was -$13 million, an improvement of $35 million compared to Q1 2024[6, 27] - Adjusted Diluted EPS for Q1 2025 was -$0.42, an increase of $0.80 compared to Q1 2024[6] - G&A and Tech Expense was $41 million, a decrease of $9 million or 18% compared to Q1 2024[6, 23] - Adjusted G&A and Tech Expense was $38 million, a decrease of $11 million or 22% compared to adjusted Q1 2024[23] Operational Metrics - Orders delivered (LTM) were 6.4 million, a decrease of 24.9% or 2.1 million compared to Q1 2024[32] - Average order value was $194, an increase of 12% compared to Q1 2024[32] - Active customers (LTM) were 4.8 million, a decrease of 20.9% or 1.3 million compared to Q1 2024[35] - Order frequency was 1.34, a decrease of 5.1% compared to Q1 2024[35]

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, “ ...