BYON Earnings Prediction
The chart below shows how BYON performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BYON sees a +4.04% change in stock price 10 days leading up to the earnings, and a -5.12% change 10 days following the report. On the earnings day itself, the stock moves by -1.68%. This data can give you a slight idea of what to expect for the next quarter's release.
BYON Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
398.10M
-5.71%
4.14%
Gross Margin
20.14%
-20.96%
3.55%
Operating Margin
-11.81%
1069.31%
-21.53%
Net Margin
-10.70%
-38.54%
-44.67%
EPS
-0.93
-42.94%
-42.59%
No Data Available
BYON Earnings Analysis
Beyond, Inc. Corporation (BYON.N) Earnings Conference Call
Positive
Achieved revenue target and improved bottom line by roughly 25% in the second quarter.
Provided gross margin improvement through improved vendor relations, curation, and the launch of Overstock.
Increased active customer base and average order value.
Established new partnerships around liquidation, closeouts, and factory direct sales.
Successfully launched Overstock.com mobile app and CRM process with Salesforce.
Completed architecture and point of view on Zulily, with plans to launch on September 10.
Reduced fixed costs, resulting in a sequential improvement of more than $11 million in adjusted EBITDA.
At Bed Bath & Beyond, saw growth in core categories and emerging strength in new categories.
Focused on curation to provide a seamless customer experience and improve margins.
Noted an uptick in average order value and increased sales from repeat customers.
Overstock experienced early progress with dominant product categories performing well.
Relaunched Google Search on the website and engaged in a new marketing campaign.
Leveraged white space in the online liquidation market.
Progress made on Zulily with experienced merchants onboarded to drive key legacy vendors.
Offering flash sales and evergreen assortment of must-have basics for members.
Teams are starting to turn the ship around across the three brand platforms.
Revenue increased by 4% sequentially driven by an 18% AOV improvement.
Gross margin improved sequentially by 70 basis points through optimizing discounting and carrier costs.
Executing a six-part plan to enhance gross margin profile, including renegotiating freight rates and introducing owned and licensed brands.
Reduced G&A and tech expenses by $3.5 million year-over-year and realized two-thirds of a $45 million fixed cost reduction commitment.
Adjusted EBITDA improved by $11 million versus the first quarter of 2024.
Maintained a strong balance sheet with $186 million in cash.
Expressed confidence in achieving third-quarter revenue performance in line with historical trends.
Anticipates sequential gross margin improvement and low double-digit percentage improvement in adjusted EBITDA.
Planning to benefit from potential tailwinds in the home demand and product market.
Negative
- Revenue declined 6% year-over-year in the second quarter, although there was a 4% sequential increase.
- Gross margin dropped to 20.1%, a 530 basis point decline compared to the same period last year.
- Elevated discounting and higher carrier costs continue to put pressure on margins.
- Adjusted EBITDA was a loss of $36 million, indicating a $11 million improvement from the previous quarter.
- Reported GAAP EPS was a loss of $0.93 per share for the second quarter, and adjusted diluted loss per share was $0.76.
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BYON Earning Call Sentiment
Beyond, Inc. (BYON) Q2 2024 Earnings Call Transcript
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00:00
00:00
BYON.N
-11.06%Positive
The earnings call summary presents mixed signals. While there are positive developments such as strategic partnerships, market expansion plans, and improved EBITDA, there are also concerns about declining revenue, gross margin pressures, and ongoing profitability challenges. The Q&A section did not provide additional insights to significantly alter the sentiment. The absence of a market cap suggests a cautious approach, leading to a neutral prediction with potential fluctuations within a narrow range.
