Why Beyond Stock Crashed Another 27.8% Today [Yahoo! Finance]
Beyond, Inc. (BYON)
Company Research
Source: Yahoo! Finance
other brands announced first-quarter results that fell short of already low expectations. At 3:30 p.m. ET today, shares were still down 24.1% on the day and showed no signs of life. From bad to worse Revenue was up slightly in the quarter to $382.3 million but fell well short of the $389.3 million that Wall Street analysts were expecting. Worse yet, the net loss exploded from $10.3 million a year ago to $73.9 million, or $1.62 per share. On an adjusted basis, the loss was $1.58 per share, worse than the $0.92 loss that analysts expected. Nothing seems to be going well for Beyond. Management wanted to highlight the company's increased volume, but you can see below that revenue is falling and losses are piling up. These are terrible trends for any retailer. No easy way out There is still $256.3 million on its balance sheet, but with losses piling up, there's no easy way out for Beyond. The company doesn't seem to have sufficient traction with consumers, and gross margins are o
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BYON
News
- Shopify Stock Is Dropping Like a Ton of Bricks. Is This an Opportunity to Buy on the Dip? [Yahoo! Finance]Yahoo! Finance
- Beyond, Inc. (NYSE: BYON) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $37.00 price target on the stock.MarketBeat
- Zulily Parent Beyond's Bringing Back Apparel & Footwear to Overstock [Yahoo! Finance]Yahoo! Finance
- Former Bed Bath & Beyond Sues Hudson Bay for $300 Million in Trading Profits [Yahoo! Finance]Yahoo! Finance
- Former Bed Bath & Beyond Sues Hudson Bay for $300 Million in Trading Profits [BNN Bloomberg (Canada)]BNN Bloomberg
BYON
Earnings
- 5/6/24 - Beat
BYON
Sec Filings
- 5/10/24 - Form 4
- 5/8/24 - Form 10-Q
- 5/6/24 - Form 8-K
- BYON's page on the SEC website