Overstock.com, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 06:00 am EDT
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Overstock.com, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 422.21 million compared to USD 528.12 million a year ago. Net loss was USD 73.49 million compared to net income of USD 7.15 million a year ago. Basic loss per share from continuing operations was USD 1.63 compared to basic earnings per share from continuing operations of USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 1.63 compared to diluted earnings per share from continuing operations of USD 0.12 a year ago.
For the six months, sales was USD 803.35 million compared to USD 1,064.16 million a year ago. Net loss was USD 83.8 million compared to net income of USD 17.27 million a year ago. Basic loss per share from continuing operations was USD 1.86 compared to basic earnings per share from continuing operations of USD 0.33 a year ago. Diluted loss per share from continuing operations was USD 1.86 compared to diluted earnings per share from continuing operations of USD 0.33 a year ago.
Beyond, Inc. is an e-commerce company. The Company owns Overstock, Bed Bath & Beyond, Baby & Beyond, Zulily, and other related brands and associated intellectual property. Its suite of online shopping brands feature various products. Bed Bath & Beyond is an online furniture and home furnishings retailer in the United States and Canada. Its e-commerce Website sells a range of home products, including furniture, bedding and bath, patio and outdoor, area rugs, tabletop and cookware, decor, storage and organization, small appliances, home improvement, and more. It offers additional products or services, including Business Advertising Opportunities, Marketplace Services, International Sales Support, and Supplier Oasis Integration. Its Supplier Oasis platform is a singular integration point that enables its partners to manage their products, inventory, and sales channels. It also facilitates international sales for customers outside the United States through third-party logistics providers.
BEYOND, INC. 
