(NASDAQ:OSTK) is a technology-focused innovator based in Salt Lake City, Utah and owner of the Bed Bath & Beyond brand and other intellectual property related to the brand. We plan to share additional details related to our 3Q 2023 performance on our next earnings call.” The bedding, bath, and kitchen categories are leading the improvement in our topline performance in the U.S. We have added nearly 1.3 million new SKUs since early-June. Partner suppliers continue to add new assortment. We are also seeing strong engagement within our historic customer base, and the mix of orders from Welcome Rewards members has increased 500-basis points since the U.S. launch, sales from the mobile app have outpaced other platforms. “Our promotional offers and expanded product assortment are resonating with customers, and they love the refreshed mobile app. “Visits to our website have increased and conversion has improved,” continued Johnson. Sales & Marketing expense as percent of revenue: Approximately 15%.Gross profit as percent of revenue: Approximately 18%.Includes low-20s percent decline year-over-year since the U.S. Average order value: High-teens percent decline year-over-year. ![]() Includes low-double-digit percent decline year-over-year since the U.S.
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