243
Fashion Jobs
H&M
Visual Merchandiser Manager- Newmarket
Permanent · AUCKLAND
L'OREAL GROUP
Operations & Transport Manager
Permanent · AUCKLAND
ABBOTT
Tpm Contract Manufacturing Manager
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Optometrist - Opsm Rotorua
Permanent · ROTORUA
DANGERFIELD
Online Coordinator
Permanent · AUCKLAND
PUMA
Key Account Manager nz
Permanent · AUCKLAND
L'OREAL GROUP
Key Account Manager
Permanent · AUCKLAND
FOOT LOCKER
Sales Associate Casual
Permanent · LOWER HUTT
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Manukau
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Dunedin
Permanent · DUNEDIN
ESSILORLUXOTTICA GROUP
Retail Associate | Opsm Rangiora Eyecare
Permanent · CANTERBURY
PETER ALEXANDER
2 x Casual - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
PETER ALEXANDER
2 x Part Time - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
LULULEMON
Assistant Manager | Christchurch (Tuesday - Saturday Rotation)
Permanent · CHRISTCHURCH
ICEBREAKER
Icebreaker : Sales Associate, Casual - Wellington Airport Touchlab
Permanent · WELLINGTON
DFS
Personal Shopper
Permanent · AUCKLAND
H&M
Department Manager- Chartwell (Hamilton)
Permanent · HAMILTON
H&M
Store Manager Wellington
Permanent · WELLINGTON
H&M
Sales Advisor- 28h
Permanent · AUCKLAND
H&M
Assistant Store Manager- Sylvia Park
Permanent · AUCKLAND
H&M
Department Manager- Sylvia Park
Permanent · AUCKLAND
LOVISA
Store Manager | nz | Palmerston North
Permanent · PALMERSTON NORTH
Published
May 10, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Etsy revenue up 24.8% in Q1, raises 2018 guidance

Published
May 10, 2018

Etsy continued to see revenues climb for the third consecutive quarter, prompting the online marketplace to raise its full-year guidance on Tuesday. 

Etsy revenue up 24.8% in Q1, raises 2018 guidance. - Facebook: Etsy


The craft-focused e-commerce platform reported gross merchandising sales (GMS) of $861.1 million in the first quarter ended March 31, 2018, up 19.8 percent, compared with the first quarter of 2017. The growth was primarily driven by a jump of 9.4 percent year-over-year in active sellers and a 16.9 percent year-over-year growth in active buyers. 
 
International GMS was also up at 35 percent in the first quarter of 2018, from 32 percent in the first quarter of 2017 and 33 percent in the fourth quarter of 2017. 

Total revenue was $120.9 million for the first quarter of 2018, up 24.8 percent year-over-year. The growth was driven by both Marketplace and Seller Services revenue, where Marketplace revenue grew 24.7 percent year-over-year, and Services revenue grew 35 percent year-over-year. 
 
Meanwhile, net income for the first quarter of 2018 was $13 million, with diluted earnings per share of $0.10, compared with a net loss of $0.4 million and a net loss per share of $0 in the first quarter of 2017. 
 
"Q1 was another strong quarter of both revenue and Adjusted EBITDA growth" said Rachel Glaser, Chief Financial Officer, in a news statement. "As an organization, we exercise a disciplined approach to resource investment, focusing our efforts on initiatives that we believe have highest probability to create long-term growth while continuously striving for operational efficiencies."
 
Following a slow 2016, Etsy launched a new strategy focused on growing the Etsy.com marketplace in their six core geographies and owning special purchase occasions throughout the year. The strategy is focused on four key initiatives—trust and reliability on Etsy.com, search and discovery, world-class marketing capabilities, and best-in-class seller tools and services.
 
In the first quarter of 2018, the company specifically invested resources in foundational work, which addressed three primary areas: technical debt, operational efficiency, and infrastructure imperatives.
 
As a result of strong first quarter results, the company raised its 2018 guidance for GMS growth, revenue growth and Adjusted EBITDA margin.
 
Etsy now expects revenue to be in the range of 22 to 24 percent compared with the previously forecasted range of 21 to 23 percent. GMS is expected to rise in the range of 16 to 18 percent, up from 14 to 16 percent.

Finally, the adjusted EBITDA margin is now projected to be in the range of 21 to 23 percent, as opposed to its earlier projection in the range of 20 to 22 percent.

Copyright © 2024 FashionNetwork.com All rights reserved.