iRobot Q2 Net Climbs as Home Robots Drive Sales


BEDFORD, Mass.-Strong results from home robot sales throughout the world propelled iRobot to a 12.5 percent gain in second-quarter net income, to $8.3 million.

Net revenue for the quarter, which ended on June 29, jumped 17 percent, with the key drive coming from product sales, which rose 18.8 percent. iRobot reported growth in domestic revenue of 26 percent, along with growth in international markets of 18 percent.

The gains in revenue offset both a decline in gross margin and an increase in operating expenses. Gross margin was down 13 basis points to 47.3 percent. Operating expenses (totaling selling, marketing, general, administrative, research and development) increased 27.3 percent in dollars and 334 basis points as a percentage of sales, to 41.2 percent.

Colin Angle, iRobot's chairman and CEO, said the company expects full-year revenue to total between $485 million and $495 million. "Our strong second-quarter results, driven by our home robot business, give us confidence that we will achieve our full-year expectations," Angle said.

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.