Beyond, Inc. Completes Sale of Corporate Headquarters, Achieving $65 Million in Fixed Cost Reductions
Beyond, Inc. Completes Sale of Corporate Headquarters, Achieving $65 Million in Fixed Cost Reductions
The company is on track to achieve a $65 million annualized fixed cost reduction.Beyond, Inc. sells its Midvale headquarters, achieving significant cost reductions and leasing new office space in Salt Lake City.
Beyond, Inc. 将其位于米德维尔的总部出售，实现了显著的成本降低，并在盐湖城租赁了新的办公空间。
Quiver AI Summary
Quiver AI 概要
Beyond, Inc. has completed the sale of its corporate headquarters in Midvale, Utah, to Salt Lake County as part of its strategy to reduce debt and fixed costs, aiming for a $65 million annualized reduction. The company has achieved nearly 90% of this target and will move to new office space in Salt Lake City that better fits its needs while maintaining a lease-back arrangement for a 5,000 square foot data center. Proceeds from the sale will be used to pay off mortgage obligations and support operations. Beyond, Inc. manages several online retail brands, including Bed Bath & Beyond and Overstock, focusing on providing products that enhance family and home life.
Beyond, Inc. 完成了总部位于犹他州米德维尔的公司总部出售，买方为盐湖县，这是其减少债务和固定费用策略的一部分，目标为每年减少6500万。该公司已实现了近90%的目标，并将迁至盐湖城的新办公空间，更好地符合其需求，同时为5000平方英尺的IDC概念保持回租安排。出售所得将用于偿还抵押贷款义务并支持业务运营。Beyond, Inc. 经营多个在线零售品牌，包括Bed Bath & Beyond 和 Overstock，专注于提供改善家庭和家庭生活的产品。
Potential Positives
潜在的积极因素
- Company on track to achieve $65 million annualized fixed cost reduction, indicating effective cost management and financial health.
- Successful completion of the corporate headquarters sale allows for debt reduction and strategic reallocation of capital towards growth opportunities.
- Lease-back agreement ensures continued operational stability while reducing fixed expenses associated with the corporate headquarters.
- Positive progress reported in critical business KPIs, demonstrating improvements in operational performance and management effectiveness.
- 公司正朝着实现6500万年度固定成本降低的目标迈进，表明成本管理有效，财务健康。
- 成功完成公司总部的出售可以减少债务，并将资本战略性重新分配到增长机会中。
- 回租协议确保了持续的业务稳定性，同时减少了与公司总部相关的固定支出。
- 在关键业务KPI上报告了积极进展，显示出运营绩效和管理有效性有所改善。
Potential Negatives
潜在负面因素
- Sale of corporate headquarters may indicate ongoing financial instability, as the company is selling significant assets to reduce fixed costs and debt.
- Dependence on lease-back arrangement could limit financial flexibility and indicate potential future struggles with cash flow.
- Announcement of substantial cost reduction efforts may raise concerns among investors about the company's long-term viability and overall financial health.
- 出售公司总部可能表明财务不稳定，因为公司正在出售重要资产以降低固定成本和债务。
- 依赖于回租安排可能限制财务灵活性，并可能表明未来在现金流方面的潜在困难。
- 大规模减少成本的公告可能引发投资者对公司长期生存能力和整体财务健康的担忧。
FAQ
常见问题
What recent transaction did Beyond, Inc. complete?
Beyond, Inc. 最近完成了什么交易？
Beyond, Inc. completed the sale of its corporate headquarters in Midvale, Utah, on December 20, 2024.
Beyond, Inc. 于2024年12月20日完成了在犹他州米德维尔的公司总部出售。
How much is Beyond, Inc. aiming to reduce in fixed costs?
Beyond, Inc. 旨在减少多少固定成本？
The company is on track to achieve a $65 million annualized fixed cost reduction.
公司正在朝着每年减少6500万固定成本的目标前进。
Will Beyond, Inc. remain in Salt Lake City?
Beyond, Inc.会继续留在盐湖城吗？
Yes, Beyond, Inc. will maintain its presence in the Salt Lake City area with new office space.
是的，Beyond, Inc.将在盐湖城地区继续存在，并将有新的办公空间。
What will happen to the data center after the sale?
出售后数据中心会发生什么？
The sale includes a lease-back allowing Beyond to occupy a 5,000 square foot data center.
出售包括一项回租协议，允许Beyond Occupy一个5000平方英尺的数据中心。
How will the proceeds from the sale be used?
出售的收益将如何使用？
The proceeds will pay off mortgage obligations and fund company operations.
出售的收益将用于偿还抵押贷款和资助公司业务。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免责声明：这是由GlobeNewswire分发的新闻稿的人工智能生成摘要。用于总结这份稿件的模型可能会出错。请在这里查看完整发布。
$BYON Insider Trading Activity
$BYON 内幕交易活动
$BYON insiders have traded $BYON stock on the open market 6 times in the past 6 months. Of those trades, 5 have been purchases and 1 have been sales.
$BYON 内部人员在过去 6 个月的公开市场上交易了 $BYON 股票 6 次。其中 5 次为购买，1 次为出售。
Here's a breakdown of recent trading of $BYON stock by insiders over the last 6 months:
以下是过去 6 个月内部人员对 $BYON 股票的近期交易情况：
- MARCUS LEMONIS (EXECUTIVE CHAIRMAN OF BOARD) has traded it 3 times. They made 3 purchases, buying 239,365 shares and 0 sales.
- WILLIAM BENJAMIN JR NETTLES sold 10,412 shares.
- JOSEPH J JR TABACCO purchased 10,000 shares.
- BARCLAY F CORBUS purchased 5,000 shares.
- 马库斯·莱莫尼斯（董事会执行主席）交易了 3 次。他们进行了 3 次购买，买入 239,365 股，未进行销售。
- 威廉·本杰明·JR·内特尔斯出售了 10,412 股。
- 约瑟夫·JR·塔巴科购买了 10,000 股。
- 巴克利·F·科布斯购买了 5,000 股。
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
要跟踪内部交易，请查看Quiver Quantitative的内部交易特斯拉-仪表。
$BYON Hedge Fund Activity
$BYON对冲基金活动
We have seen 98 institutional investors add shares of $BYON stock to their portfolio, and 151 decrease their positions in their most recent quarter.
我们看到98家机构投资者在最近的季度中增加了$BYON股票的持仓，151家减少了他们的持仓。
Here are some of the largest recent moves:
以下是最近的一些重大变动：
- VANGUARD GROUP INC removed 1,063,415 shares (-23.7%) from their portfolio in Q3 2024
- JAT CAPITAL MGMT LP removed 1,046,562 shares (-89.3%) from their portfolio in Q3 2024
- MARSHALL WACE, LLP added 959,634 shares (+648.6%) to their portfolio in Q3 2024
- FMR LLC removed 725,424 shares (-99.8%) from their portfolio in Q3 2024
- CALIXTO GLOBAL INVESTORS, LP removed 568,145 shares (-100.0%) from their portfolio in Q2 2024
- VERITION FUND MANAGEMENT LLC removed 476,560 shares (-95.7%) from their portfolio in Q3 2024
- BALYASNY ASSET MANAGEMENT L.P. added 445,128 shares (+inf%) to their portfolio in Q3 2024
- 先锋集团股份有限公司在2024年第三季度从其投资组合中移除了1,063,415股（-23.7%）。
- JAt资本管理LP在2024年第三季度从其投资组合中移除了1,046,562股（-89.3%）。
- 马歇尔韦斯律师事务所（MARSHALL WACE, LLP）在2024年第三季度向其投资组合中增加了959,634股（+648.6%）。
- FMR LLC在2024年第三季度从其投资组合中移除了725,424股（-99.8%）。
- CALIXTO全球投资者LP在2024年第二季度从其投资组合中移除了568,145股（-100.0%）。
- VERITION 基金管理公司在2024年第三季度从其投资组合中移除了476,560股（-95.7%）
- BALYASNY 资产管理有限公司在2024年第三季度向其投资组合中添加了445,128股（+无限%）
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要跟踪对冲基金的股票投资组合，请查看Quiver Quantitative的机构持有情况仪表。
Full Release
完整发布
—
Company On Track to Deliver $65 Million Annualized Fixed Cost Reduction
—
—
公司有望实现6500万美元的年度固定成本削减
—
—
Company to Maintain Presence in Salt Lake City
—
—
公司将在盐湖城保持存在
—
MIDVALE, Utah, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Beyond, Inc.
(NYSE:BYON),
owner of Bed Bath & Beyond, Overstock, Zulily, and other online retail brands designed to unlock your family's and home's potential ("the Company"), today announced that it has completed the transaction with Salt Lake County to sell the Company's corporate headquarters located in Midvale, Utah on December 20, 2024. The sale of the corporate headquarters aligns with the Company's strategic plan to reduce debt and fixed costs, free up capital for new growth opportunities, and generate cash flow.
犹他州米德维尔，2024年12月20日（全球新闻网站）-- Beyond, Inc.
（纽交所：BYON），
拥有Bed Bath & Beyond、Overstock、Zulily及其他旨在释放您家人和家庭潜力的在线零售品牌（“公司”）的Beyond, Inc.今天宣布已完成与盐湖县的交易，于2024年12月20日出售位于犹他州米德维尔的公司总部。出售公司总部与公司的战略计划一致，旨在减少债务和固定成本，释放资本以寻求新的增长机会，并产生现金流。
"I am pleased to report we have delivered almost 90% of our $65 million annualized fixed cost expense reduction while making sequential progress on our critical business KPIs, with meaningful improvement in December," said Adrianne Lee, Chief Financial and Administrative Officer. "We have leased new office space in the Salt Lake City area to serve as our corporate headquarters, which is well-suited for the current and evolving needs of our business and will reduce our fixed cost expense base."
首席财务兼行政官Adrianne Lee表示：“我很高兴地报告，我们已经实现了近90%的6500万美元年化固定成本减支，同时在我们的关键业务KPI方面取得了连续进展，12月有了显著改善。” "我们已经在盐湖城地区租赁了新的办公空间，作为我们的公司总部，这适合我们业务的当前需求和发展需要，并将减少我们的固定成本支出基础。”
The sale of the corporate headquarters includes a lease-back to the Company, by which the Company can continue to use and occupy a 5,000 square foot data center. The Company intends to use the proceeds from the sale to fully pay off its associated mortgage obligations, with the remainder to fund operations.
公司总部的出售包括公司回租，这样公司可以继续使用和占用一个5000平方英尺的IDC概念。公司打算用出售所得全额偿还相关的抵押贷款义务，剩余部分用于资助运营。
About Beyond
Beyond, Inc. (NYSE:BYON), based in Midvale, Utah, is an ecommerce expert with a singular focus: connecting consumers with products and services that unlock their families' and homes' potential. The Company owns Overstock, Bed Bath & Beyond, Baby & Beyond, Zulily, and other related brands and associated intellectual property. Its suite of online shopping brands features millions of products for various life stages that millions of customers visit each month. Beyond regularly posts information about the Company and other related matters on the Newsroom and Investor Relations pages on its website, Beyond.com.
关于Beyond
Beyond, Bed Bath & Beyond, Welcome Rewards, Zulily, Overstock and Backyard are trademarks of Beyond, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact, including but not limited to statements regarding the timing and use of lease-back, and our use of proceeds from the sale of our corporate headquarters. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on February 23, 2024, on Form 10-Q for the quarter ended September 30, 2024, filed with the SEC on October 25, 2024, and in our subsequent filings with the SEC.
关于前瞻性声明的警示说明
本新闻稿包含根据1933年证券法第27A节和1934年证券交易法第21E节的定义的前瞻性陈述。这些前瞻性陈述包括所有历史事实以外的陈述，包括但不限于有关租回时机的陈述以及我们对公司总部出售所得收益的使用的陈述。有关可能对结果产生重大影响的因素和本文所含前瞻性陈述的准确性的其他信息可在公司于2024年2月23日向SEC提交的截至2023年12月31日的年度报告Form 10-k中找到，季度截至2024年9月30日的10-Q表格以及我们随后向SEC提交的文件中找到。
|
Contact Information |
|
Investor Relations & Public Relations ir@beyond.com pr@beyond.com |
|
联系信息 |
|
投资者关系 & 公共关系 ir@beyond.com pr@beyond.com |
