iRobot Boosts Net by 36 Percent in Fourth Quarter

BEDFORD, Mass.-Fourth-quarter net income for iRobot jumped to $7 million, 36 percent more than in its fiscal fourth quarter of last year.

 

The company--which, among other businesses, manufactures and markets home-vacuum robots such as the Roomba--reported a gain in total revenues of 12 percent to $114 million. This included a 14 percent gain in product revenue in the quarter, which ended on Jan. 1.

 

Gross margin in the quarter rose 204 basis points to 39.9 percent. Total operating expenses increased 47 percent in dollars and 792 basis points as a percentage of sales, to 33.3 percent. However, iRobot's bottom line was helped by an 80 percent drop in income-tax expense.

 

For the full fiscal year, iRobot's net income skyrocketed by 667 percent to $25.5 million. Total revenue rose 34 percent to $401 million.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money