Overstock Net Skyrockets in Q1
April 18, 2013,
SALT LAKE CITY-Increased revenues and improved margins fueled Overstock.com to a 183.1 percent gain in first-quarter net income, to $7.7 million.
The online discount retailer posted total revenues of $312 million, up 18.9 percent in the quarter ending on March 31. The top line benefited from an increase of 21.9 percent in fulfillment partner revenues. Gross margin gained 78 basis points to finish the quarter at 18.9 percent.
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
COVER STORY: Sharpening the Focus on Millennials
Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.
ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.