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.


  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More 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 cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.