Core Insights - Beyond, Inc. reported financial results for Q4 and full year 2024, highlighting a focus on margin improvement and cost reductions to achieve profitability [1][2] - The company experienced a 50% improvement in net loss and a 43% improvement in adjusted EBITDA year-over-year, driven by gross margin expansion and fixed cost reductions [6] - Despite these improvements, total net revenue decreased by 21.1% year-over-year in Q4, indicating ongoing challenges in revenue generation [7] Financial Performance - Q4 2024 net revenue was $303 million, down 21.1% from $384 million in Q4 2023 [7] - Gross profit for Q4 was $70 million, representing 23.0% of total net revenue, compared to $73.9 million in the same quarter last year [7] - The net loss for Q4 was $81 million, with a diluted net loss per share of $1.66 [7] - For the full year 2024, total net revenue was $1.4 billion, a decrease of 10.6% from $1.56 billion in 2023 [7] Operational Metrics - Orders delivered in Q4 totaled 1.7 million, a decrease of 34% year-over-year [7] - Active customers decreased by 4% year-over-year to 5.4 million [7] - The last twelve months (LTM) net revenue per active customer was $258, down from $278 in the previous year [19] Strategic Initiatives - The company is focusing on refining its SKU/vendor offerings and maintaining pricing discipline to enhance profitability [2][6] - Beyond is optimistic about the sequential improvements observed since November 2024, indicating a commitment to making necessary operational adjustments [2] - The acquisition of BuyBuyBaby and a material stake in Kirkland's Home are seen as strategic moves to drive growth and profitability [6]

Core Insights - Beyond, Inc. has successfully completed the acquisition of the Buy Buy Baby brand for a purchase price of $5 million, which includes various assets and intellectual property related to the brand [1][2] Company Overview - Beyond, Inc. is an ecommerce-focused affinity company based in Murray, Utah, owning brands such as Bed Bath & Beyond and Overstock, and aims to enhance customer experience through a comprehensive array of products and services [2] Strategic Implications - The acquisition of Buy Buy Baby is part of Beyond's strategy to expand market reach and strengthen its customer proposition by reuniting two iconic brands, which is expected to enhance shopping experiences during key life stages [2]

Core Points - Beyond, Inc. will host a live event on February 20, 2025, focusing on the topic of tokenization and its potential to monetize ownership and provide cash flow [1][2] - The event will be led by Marcus Lemonis, the Executive Chairman of Beyond, and will allow for live questions from participants [1][2] - Beyond, Inc. is an ecommerce-focused company that owns brands such as Bed Bath & Beyond and Overstock, aiming to enhance customer experiences through a data cooperative [3] Company Overview - Beyond, Inc. is based in Murray, Utah, and operates various retail brands, providing a wide range of products and services [3] - The company emphasizes its commitment to unlocking the potential of customers' homes through its extensive data resources [3] - Beyond regularly updates its stakeholders through its Newsroom and Investor Relations pages on its website [3]

Core Viewpoint - Beyond, Inc. is hosting a live event to discuss the monetization of ownership through tokenization and provide business updates [1][2] Group 1: Company Overview - Beyond, Inc. is based in Murray, Utah, and focuses on e-commerce, owning brands like Bed Bath & Beyond and Overstock [3] - The company offers a wide range of products and services aimed at enhancing home potential through a data cooperative [3] Group 2: Event Details - The live event will be hosted by Marcus Lemonis, Executive Chairman of Beyond, on February 20, 2025, at 8:00 p.m. ET [2] - Participants can access the event via Marcus Lemonis's handle on X or through a provided link [2]

Company Overview - Beyond (BYON) is expected to report a year-over-year increase in earnings despite lower revenues for the quarter ended December 2024, with a consensus outlook indicating a quarterly loss of $0.73 per share, representing a 40.2% change from the previous year [1][3] - Revenues for Beyond are anticipated to be $326.75 million, reflecting a 15% decline from the same quarter last year [3] Earnings Expectations - The upcoming earnings report is scheduled for February 24, and the stock may experience upward movement if key numbers exceed expectations, while a miss could lead to a decline [2] - The consensus EPS estimate has been revised 0.86% higher over the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading, which for Beyond is +12.81%, indicates a potential earnings beat, although the stock currently holds a Zacks Rank of 4, complicating predictions [10][11] - Historically, Beyond has only beaten consensus EPS estimates once in the last four quarters, with a previous quarter's surprise of -14.29% [12][13] Industry Comparison - In the Zacks Internet - Commerce industry, ACV Auctions Inc. (ACVA) is expected to post a loss of $0.01 per share, indicating a year-over-year change of +75%, with revenues projected at $157.75 million, up 33.3% from the previous year [17] - ACV Auctions has an Earnings ESP of 433.33%, suggesting a strong likelihood of beating the consensus EPS estimate, despite having surpassed EPS estimates only once in the last four quarters [18]

Core Insights - Bed Bath & Beyond is attempting a comeback through smaller-format stores, but experts emphasize that product offerings are more critical than store size [1][5] - Kirkland's Inc. has invested $25 million to become the exclusive operator of new neighborhood Bed Bath & Beyond locations, leveraging its expertise in store operations [2][3] - The previous management of Bed Bath & Beyond faced issues like poor inventory management and slow online adoption, leading to its Chapter 11 bankruptcy filing in 2023 [3][5] Company Strategy - The partnership with Kirkland's aims to curate a selection of products from legacy vendor partners, utilizing Kirkland's 58-year experience in home decor [3] - Experts suggest that the new stores may serve as outlets for Kirkland's private label goods and products from Overstock and Zulily [6][7] - The potential for these locations to function as return centers for sister companies is also highlighted, drawing parallels to TJMaxx's Home Goods stores [7] Market Challenges - The home goods market is highly competitive, with significant players like Amazon, Temu, Target, and Wayfair posing challenges for Bed Bath & Beyond [5] - Experts warn that without addressing fundamental issues such as supply chain and inventory management, the new strategy may lead to another failure [7] - The anticipated increase in tariffs could further complicate the situation by raising product costs, creating a challenging environment for recovery [9] Management Changes - The new management under Kirkland's is seen as a positive shift, with a focus on aligning business decisions with customer needs [10] - Previous management struggled to adapt to changes in the retail landscape post-pandemic, which contributed to the company's decline [10]

Group 1 - Beyond has announced a groundbreaking initiative that includes the acquisition of the Buy Buy Baby brand, the creation of LifeChain, and the tokenization of assets, which could reshape the financial landscape [1][2][9] - The introduction of asset tokenization through blockchain technology provides a transformative fourth option for capital raising, alongside traditional methods like issuing stocks, incurring debt, or selling assets [3] - Beyond plans to tokenize the Buy Buy Baby intellectual property (IP) and distribute a percentage of the token as dividends to current shareholders while attracting new investors [4][9] Group 2 - The tokenization initiative is expected to trigger widespread adoption of blockchain technology in businesses, as it demonstrates a regulatory-compliant method of capital formation [5][6] - tZERO, a company partly owned by Intercontinental Exchange, will lead the tokenization of the Buy Buy Baby IP and ensure regulatory compliance, with the token available for trading on its Alternative Trading System (ATS) [7][8] - The market for asset tokenization has the potential to grow significantly, potentially reaching trillions of dollars in value within a few years [10][11] Group 3 - Beyond's efforts, along with tZERO, highlight novel capital-raising opportunities presented by blockchain, such as converting intangible assets into tangible ones and improving financial transparency [11]

Beyond (BYON) shares rallied 33.3% in the last trading session to close at $9.68. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 16% gain over the past four weeks.Beyond is benefiting from the acquisition of the global rights to the Buy Buy Baby brand, with the $5 million deal enhancing its portfolio through valuable assets, databases, and intellectual property.This online discount retailer is expected to po ...

Core Insights - Beyond, Inc. has entered into an Asset Purchase Agreement to acquire the global rights of the Buy Buy Baby brand for $5 million, which includes various assets and intellectual property [1] - The acquisition aims to strengthen Beyond's portfolio and enhance the in-store experience for parents through curated selections [2] - The company is exploring the tokenization of Buy Buy Baby's intellectual property in collaboration with tZERO, potentially offering digital dividends and revenue-sharing tokens [3] - Beyond plans to leverage blockchain technology to create a "LifeChain" that records significant life events and integrates consumer financial and digital assets into a secure digital wallet [4] - This acquisition aligns with Beyond's strategy to operate a profitable company focused on traditional revenue and earnings growth [5] Company Overview - Beyond, Inc. is an ecommerce-focused affinity company based in Murray, Utah, owning various retail brands including Bed Bath & Beyond and Overstock, and aims to unlock customers' homes' potential through a vast data cooperative [6]

MURRAY, Utah, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Beyond, Inc. (NYSE: BYON), owner of Bed Bath & Beyond and Overstock, announced today that it has entered into an Asset Purchase Agreement with BBBY Acquisition Co. LLC to acquire the global rights of the Buy Buy Baby brand. The purchase price of $5 million includes certain assets, databases, domains, intellectual property, vendor relationships, and content related to Buy Buy Baby. Marcus Lemonis, Executive Chairman of Beyond, commented, "Bed Bath & Beyond and ...