Overstock, Bed Bath & Beyond Owner Reports Lower Sales And Wider Loss In Q3, Aims To Cut $65M In Fixed Costs By 2025

Beyond, Inc. (NYSE:BYON) stock is trading lower on Thursday after it released its third-quarter 2024 earnings, which were below expectations.

The parent company of Overstock, Bed Bath & Beyond, and Zulily reported sales of $311.43 million, down 16.6% year over year and missing the consensus of $352.82 million.

Beyond reported an adjusted EPS loss of 96 cents, wider than Street expectation of 70 cents loss.

The company reported an adjusted EBITDA loss of $31.9 million compared to $23.93 million reported a year ago.

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Gross profit fell ...