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 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, " ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Or o 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 BEYOND, INC. (Exact name of registrant as specified in its charter) Delaware 87-0634302 (State or other jurisdiction of incorp ...

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 ...

Q4 2024 Earnings Call February 25, 2025 4Q24 Earnings Call | Feb 2025 Forward-Looking Statements Forward-Looking Statements The information presented herein may contain forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements include without limitation all statements other than statements of historical fact, including forecasts of our growth, path to profitability, plan to reduced fixed expenses, refinement of systems, technology, and data analytics, fina ...

Financial Data and Key Metrics Changes - Revenue declined 21% year-over-year in Q4 2024, with full-year revenue at $1.4 billion, an 11% decline compared to 2023 [41] - Gross margin improved to 23% for Q4, a 380 basis point increase year-over-year, and a sequential improvement of 180 basis points [42][44] - Adjusted EBITDA loss was $28 million, a 43% improvement compared to Q4 2023 [44] - Reported GAAP EPS was a loss of $1.66 per share for Q4, with an adjusted diluted loss per share of $0.91 [44] Business Line Data and Key Metrics Changes - The company focused on rationalizing SKUs, reducing the count from 12 million to under 6 million, which contributed to improved conversion rates [49] - Significant reductions in SG&A expenses were achieved, with a decrease of $6 million year-over-year, meeting the goal of cutting $65 million in expenses [43][44] Market Data and Key Metrics Changes - The company anticipates that revenue will continue to contract in the short term due to the elimination of unprofitable SKUs and vendors, but expects EBITDA to improve significantly [58] - The management noted that the overall market conditions in 2024 provided opportunities for growth in 2025, particularly through vendor relationships and inventory management [17] Company Strategy and Development Direction - The company is focused on achieving profitability by improving gross margins, reducing SG&A, and enhancing marketing efficiency [41][42] - A strategic transformation is underway, emphasizing partnerships with technology firms to improve customer experience and operational efficiency [23][24] - The company aims to leverage its blockchain and AI capabilities through initiatives like LifeChain, which focuses on secure asset management [38][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that the worst is behind the company and that they are on a positive trajectory, assuming stable market conditions [9] - The focus remains on eliminating unnecessary expenses and improving margins to establish a foundation for future growth [22] - Management acknowledged the need for continued discipline in achieving profitability and emphasized the importance of vendor consolidation and efficient marketing [20][21] Other Important Information - The company completed a $200 million shelf registration to raise capital, which was used strategically for growth and investment opportunities [25][28] - A significant investment was made in Kirkland's, a $400 million business, to enhance operational synergies and profitability [28][29] Q&A Session Summary Question: Monthly revenue trends and impact of reduced ad spend - Management noted that revenue declined from October to December due to the elimination of unprofitable SKUs and vendors, leading to a focus on profitable transactions [56][57] Question: Progress on SKU rationalization and gross margin expansion - Management indicated that while they are early in the process, they expect sequential margin improvement and are focused on achieving a gross margin target of 25% to 27% [60][62] Question: Efforts to generate shareholder value from Medici Ventures - Management discussed the potential for tokenization of assets to enhance loyalty and community engagement, while also proving the efficacy of their technology partnerships [70][73] Question: Contribution margin comparison between Bed Bath and Beyond and Overstock - Management confirmed that Overstock has a better contribution margin than Bed Bath and Beyond, with ongoing efforts to improve the latter through SKU rationalization [82]

Company Performance - Beyond (BYON) reported a quarterly loss of $0.91 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.74, and an improvement from a loss of $1.22 per share a year ago, indicating a significant year-over-year change [1] - The company posted revenues of $303.15 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 7.22% and down from $384.46 million in the same quarter last year [2] - Over the last four quarters, Beyond has surpassed consensus EPS estimates only once, indicating challenges in meeting market expectations [2] Stock Movement and Outlook - Beyond shares have increased approximately 55% since the beginning of the year, significantly outperforming the S&P 500's gain of 2.2% [3] - The company's earnings outlook is uncertain, with current consensus EPS estimates at -$0.58 for the coming quarter and -$1.78 for the current fiscal year, alongside expected revenues of $327.58 million and $1.4 billion respectively [7] Industry Context - The Internet - Commerce industry, to which Beyond belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable environment for companies within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Beyond's stock performance [5]