Overstock.com provides update on Q3 performance

Bed Bath & Beyond, operated by Overstock.com shared an update on its 3Q performance. Revenue Metrics: Active customers over 4.8 million as of September 4; Mid-single-digit percent net increase in customers since the U.S. launch; orders: Mid-single-digit percent growth year-over-year. Includes high-teens percent growth year-over-year since the U.S. launch. Revenue: Mid-teens percent decline year-over-year. Includes low-double-digit percent decline year-over-year since the U.S. launch. Average order value: High-teens percent decline year-over-year. Includes low-20s percent decline year-over-year since the U.S. launch. Expense Metrics: Gross profit as percent of revenue: Approximately 18%; Sales & Marketing expense as percent of revenue: Approximately 15%.