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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.
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Beyond Inc, empresa matriz de Overstock y Bed Bath & Beyond, informó una disminución del 5% en los ingresos netos totales del cuarto trimestre a 384 millones de dólares, a pesar de un aumento del 9% en clientes activos a 5,6 millones.