Shutterfly’s online sales grow 16% in Q3
November 3, 2014 04:38 PM
Shutterfly Inc., an online snapshot processor and photo album retailer reported sales growth in the third quarter, but its net loss widened.
For the quarter ending Sept. 30, Shutterfly, No. 50 in the Internet Retailer 2014 Top 500 Guide, reported:
- Total sales of $142.0 million, up by 15.75% from $122.7 million in the third quarter of 2013.
- The number of customers making purchases totaled 2.517 million, a 5.72% increase from 2.381 million.
- Orders totaled 4.16 million, a 7.2% year-over-year increase from 3.88 million.
- Average ticket was $30.63, up by 5.4% year-over-year from $29.07.
- B2B sales totaled $14.7 million a 47% increase year-over-year from $10 million.
- Net loss of $46.2 million compared with a net loss of $10.1 million in the same quarter last year.
In Q3, mobile transactions accounted for more than 12% of revenue, up from 7% in the same period a year ago, Shutterfly president and CEO Jeffrey Housenbold told Wall Street analysts on the company’s earnings call yesterday, according to a transcript from Seeking Alpha. Based on those percentages, mobile sales totaled about $17.04 million in Q3 of 2014, from $8.59 million in the same period last year.
“We continue to profitably grow the size of our consumer and enterprise businesses, expand our portfolio of high quality, design-forward products and service offerings across our family of premium lifestyle brands, and increase the rate of monetization of our mobile investments. We enter Q4 well prepared to handle this holiday season’s expected record order volumes with the highest level of execution.”
For the first nine months of the year, the merchant reported:
- Total sales of $438.3 million, a 17.5% increase from $372.9 million in the first three quarters of 2013.
- A net loss of nearly $107.5 million, a 212.9% increase over approximately compared with a net loss of $34.4 million in the same period last year.
For 2014 Q4 Shutterfly is forecasting an increase in net revenue ranging from $466.7 million to $481.7 million, a year-over-year increase of 13.6% to 17.3%.