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Beyond, Inc. (BYON)
:BYON
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.63Last Year’s EPS
-1.22Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -7.66%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixture of positive developments in cost management and strategic initiatives, but these were offset by significant revenue declines and ongoing financial losses. The company is focused on improving profitability through margin enhancement and expense control while addressing challenges in marketing efficiency and revenue contraction.Company Guidance
During the earnings call, Beyond, Inc. provided comprehensive guidance on various financial metrics and strategic initiatives for the upcoming quarters. The company reported a gross margin improvement to 23% in the fourth quarter of 2024, surpassing their initial target of 21.5%, with a future aim to reach 27% and eventually 30% through SKU rationalization and vendor consolidation. They recorded a 21% revenue decline year-over-year for Q4, and a 11% decline for the full 2024 fiscal year, attributing this to strategic decisions to improve margins and eliminate unprofitable SKUs. Sales and marketing expenses were reduced to 12% of revenue in December, with a goal to further decrease this to below 14% in Q1 and gradually down to 11%. The company successfully cut $65 million in expenses throughout 2024 and plans an additional $5-10 million reduction, targeting a $165 million annual G&A and tech run rate. They also highlighted strategic partnerships and technology upgrades, including collaborations with Vercel and Salesforce, to enhance site experience and customer conversion. Looking forward, the company anticipates continued sequential improvement in EBITDA and margin performance, setting the foundation for profitable growth in 2025 and beyond.Gross Margin Improvement
Gross margin improved to 23% in Q4, exceeding the target of 21.5% and showing a 380 basis point improvement year-over-year.
SG&A Reduction Success
The company exceeded its goal of cutting $65 million in expenses for 2024, achieving a tech and G&A expense reduction to $48 million in Q4.
Strategic Investments
Beyond, Inc. invested in a 40% stake in Kirkland's and plans to utilize their distribution centers for strategic growth in omnichannel retail.
Conversion Rate Enhancements
The company reported improvements in conversion rates due to SKU rationalization and vendor streamlining, expecting further enhancement through tech partnerships.
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BYON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BYON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $6.92 | $7.43 | +7.37% |
| Oct 24, 2024 | $9.52 | $6.69 | -29.73% |
| Jul 29, 2024 | $13.59 | $12.26 | -9.79% |
| May 06, 2024 | $21.89 | $16.52 | -24.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Beyond, Inc. (BYON) report earnings?
Beyond, Inc. (BYON) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Beyond, Inc. (BYON) earnings time?
Beyond, Inc. (BYON) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BYON EPS forecast?
BYON EPS forecast for the fiscal quarter 2025 (Q1) is -0.63.
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