February 27, 2009, 12:00 AM

Drugstore.com posts record sales and profits

With a boost from non-prescription sales, Drugstore.com Inc. finished a year of record performance in 2008. Fourth quarter net income reached $289,000, compared to a year-earlier net loss of $2.3 million. The retailer posted sales increases on Beauty.com and VisionDirect.com as well as on Drugstore.com.

With a vitamin-like boost from over-the-counter, non-prescription sales, Drugstore.com Inc. finished a year of record performance for the 12 months ended Dec. 28. “I am pleased to report record quarterly OTC revenue and net income as we delivered a profitable fourth quarter,” says CEO and chairman Dawn Lepore.

Overall fourth quarter sales rose 2.9% year over year to $93.9 million, as net income reached $289,000, compared to a year-earlier loss of $2.3 million. For the full year, sales grew 8% to $366.6 million, as net loss narrowed to $8.3 million from $11.5 million.

Although holiday sales were off, as they were at many retailers, Drugstore says sales of basic over-the-counter products rose 6% to $69.8 million in the fourth quarter and 11% to $260.8 million for the year. These increases include growth on Drugstore’s cosmetics site, Beauty.com, of 9% for the quarter and 28% for the year.

In addition, separate sales of eyecare products on Drugstore’s VisionDirect.com grew 14.5% to $14.6 million for the fourth quarter and 12% to $61.4 million for the year.

Drugstore says it served about 406,000 new customers in the fourth quarter, up 8% from a year ago, as active customers reached 2.6 million, up 9%.

mark@verticalwebmedia.com

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Shmuli Goldberg / E-Commerce

Five tips for winning Amazon's Buy Box during the holiday season

Negative deliveries and bad feedback will keep you from the coveted spot on Amazon.com. On ...

FPO

Jochen Moll / B2B E-Commerce

Grasping the global dimensions of B2B e-commerce

To successfully sell online to businesses around the world suppliers must get a lot of ...

Advertisement