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Stock impact report

Bed Bath & Beyond's new parent company says it's still working on winning back repeat customers [MarketWatch]

Beyond, Inc. (BYON) 
Company Research Source: MarketWatch
Beyond BYON, reported a first-quarter net loss of $72.2 million, or $1.62 a share, compared with $10.3 million, or 23 cents a share, in the same quarter last year. Beyond's adjusted loss per share was $1.22. Revenue was up 0.3% year over year to $382 million. Advertisement Both the top- and bottom-line figures missed estimates. Analysts polled by FactSet expected a loss of 87 cents a share, on revenue of $389 million. Shares fell 7.9% after hours on Monday. Beyond reported the results as investors await a firmer rebound in furniture and home-goods demand, after the pandemic's home-renovation boom ran up against the economy's reopening and then higher prices for food and other basics. The online retailer also reported as it tries to make something out of the demise of Bed Bath & Beyond's physical stores last year, and in the wake of a recent relaunch of Overstock.com and its purchase of assets from flash-sale site Zulily. Advertisement Overstock snapped up some of Bed Ba Show less Read more
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