NYSE$BBBY

Bed Bath & Beyond Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Beyond, Inc. reported its fourth quarter 2024 financial results with sequential material improvements in key operating metrics, driving towards its goal of profitability.

Beyond, Inc. reported a net loss of $81 million for Q4 2024, a significant improvement from the $160.993 million net loss in Q4 2023. Total net revenue decreased by 21.1% year-over-year to $303.151 million. The company highlighted a 50% improvement in Net Loss and 43% improvement in Adjusted EBITDA year-over-year, driven by exceeding gross margin expansion and fixed cost reduction goals.

  • Net loss improved by 50% year-over-year, reaching $81 million in Q4 2024 compared to $160.993 million in Q4 2023.
  • Adjusted EBITDA improved by 43% year-over-year, with a loss of $28 million in Q4 2024.
  • Total net revenue for Q4 2024 was $303.151 million, a decrease of 21.1% from the prior year.
  • Gross profit was $70 million, representing 23.0% of total net revenue, driven by a 380 basis point gross margin expansion.

Headline financials

Total Revenue

$303M

Previous: $384M-21.1%
EPS (adj)

-$0.91

Previous: -$1.22+25.4%
Active customers

5.4M

Previous: 5.6M-3.5%
Orders delivered

1.7M

Previous: 2.5M-33.3%
Average order value

$181.00

Previous: $151.00+19.9%
Orders per active cust.

1.37

Previous: 1.41-2.8%
Capital Expenditures

-$3M

Previous: -$2.67M-12.2%
Net Income

-$81.3M

Previous: -$161M+49.5%
Operating Income

-$42.9M

Previous: -$65M+34.0%
Gross Profit

$69.7M

Previous: $60M+16.1%
R&D Expense

$30M

Previous: $29.7M+1.1%

Revenue & EPS history

Beyond · Revenue · Quarterly

$303M

Q4 2024-21.1%vs Q4 2023
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

Beyond, Inc. is focused on achieving profitability and growth by continuing to make calibrated decisions to reset the company's foundation, leverage technology, and utilize resources and partnerships.

Tailwinds

  • Exceeding previously announced targets of margin improvement and fixed cost reductions.
  • Improved site experience and elimination of poor performing SKUs/vendors.
  • Continued ramp of the Overstock brand and SKU/vendor refinement.
  • Pricing and discounting discipline within the Bed Bath & Beyond banner.
  • Progress made since November 1st with sequential improvements continuing through February.

Headwinds

  • Total net revenue decreased by 21.1% year-over-year in Q4 2024.
  • Orders delivered decreased by 34% year-over-year.
  • Active customers decreased by 4% year-over-year.
  • Still much work to do to create a solid foundation for profitability and growth.
  • The company will continue to make necessary difficult decisions to reset the base of the company.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.2%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.9%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+63.4%

Q1 2013

Best reaction

-33.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.8%-3.0%+14.4%
Q3 2025+1.9%+1.8%-32.5%
Q2 2025-2.2%-1.7%+14.8%
Q1 2025-0.7%-4.3%+58.1%
Q4 2024+7.4%-7.7%-19.2%
Q3 2024-33.1%-29.1%-39.8%
Q2 2024-11.2%-24.8%-26.1%
Q1 2024-25.9%-24.3%-31.8%
Q4 2023+2.6%+13.2%+33.3%
Q3 2023-9.0%+2.0%+3.8%
Q2 2023+12.5%+19.2%-20.5%
Q1 2023+12.7%+10.7%+0.1%
Q4 2022-1.8%-5.9%-7.5%
Q3 2022-2.5%-10.2%-0.9%
Q2 2022+2.5%+2.4%-7.7%
Q1 2022+6.8%+20.2%+2.8%
Q4 2021+45.4%+56.1%+28.5%
Q3 2021+23.4%+31.4%+19.5%
Q2 2021-7.6%-9.7%-2.5%
Q1 2021+15.1%+10.5%+20.6%
Q4 2020-20.4%-17.1%-25.6%
Q3 2020-22.1%-16.1%-3.7%
Q2 2020+24.4%+35.7%+59.6%
Q1 2020-0.8%+16.7%+52.1%
Q4 2019-22.3%-7.0%+118.2%
Q3 2019-13.7%-11.6%-21.8%
Q2 2019+14.0%-6.8%-23.5%
Q1 2019+14.1%+6.8%-21.4%
Q4 2018-5.9%-9.9%-24.1%
Q3 2018-16.4%-13.6%-15.6%
Q2 2018+12.7%-11.0%-29.6%
Q1 2018-5.3%-2.9%-8.1%
Q4 2017-5.8%-4.2%-22.9%
Q3 2017+29.5%+39.2%+11.4%
Q2 2017+10.0%+10.3%+54.2%
Q1 2017-9.1%-10.9%-15.5%
Q4 2016+5.4%+1.2%+10.8%
Q3 2016+11.0%+13.5%+18.5%
Q2 2016-2.3%-2.3%-6.6%
Q1 2016+0.1%
Q4 2015+18.9%
Q3 2015-20.3%
Q2 2015+5.0%
Q1 2015-12.7%
Q4 2014-2.3%
Q3 2014+18.5%
Q2 2014+18.8%
Q1 2014-13.0%
Q4 2013-26.0%
Q3 2013-11.1%
Q2 2013+14.7%
Q1 2013+63.4%
Q4 2012+6.9%
Q3 2012+41.6%
Q2 2012-0.5%
Q1 2011+8.0%
Q1 2012+1.5%
Q4 2011-14.5%
Q4 2009-14.5%
Q3 2010-4.5%
Q3 2011-4.5%
Q4 2010-15.0%
Q2 2011-15.0%
Q2 2010-15.0%
Q1 2010+23.4%

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