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Sep 30, 2023
Beyond Q3 2023 Earnings Report
Brand acquisition resulted in nearly 300,000 quarter-over-quarter active customers growth and positive year-over-year order growth.
Key Takeaways
Overstock, now operating as Bed Bath & Beyond, reported a decrease in total net revenue to $373 million, a 19% year-over-year decrease. The company acquired the Bed Bath & Beyond brand and relaunched it in the U.S. on August 1. Active customers grew sequentially, and orders returned to positive year-over-year growth.
Total net revenue was $373 million, a decrease of 19% year-over-year.
Gross profit was $70 million, representing 18.7% of total net revenue.
Operating loss was $41 million.
Net loss was $63 million, with a diluted net loss per share of $1.39.
Forward Guidance
The company is in the early stages of capitalizing on its recent acquisition and is focused on growing its customer file and positioning itself for long-term growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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