Beyond Inc, parent company of Overstock and Bed Bath & Beyond, reported a 5% decline in Q4 total net revenue to $384m, despite a 9% increase in active customers to 5.6 million.

Beyond Inc, parent company of Overstock and Bed Bath & Beyond, reported a 5% decline in Q4 total net revenue to $384m, despite a 9% increase in active customers to 5.6 million. The company aims to achieve $2bn in revenue in 2024 and a $3bn revenue run rate by the end of 2025, through active customer file growth, improved service levels, and cost reductions. Despite a net loss of $161m in Q4 2023, Beyond increased its expense reduction target to $45m, freeing up capital for growth investments.

February 20, 2024
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