2/10/10

Drugstore.com finished Q4 with higher sales and a net loss

Sales jumped 25% in the final quarter for Drugstore.com, but costs related to its pending acquisition of Skinstore.com resulted in a net loss of $1.6 million. Sales for the year increased 12.6%.

Mark Brohan , Research Director

Drugstore.com finished 2009 with a strong uptick in sales, but costs related to its pending acquisition of Skinstore.com resulted in a net loss for the fourth quarter.

For the quarter ended Jan. 3, Drugstore, No. 48 in the Internet Retailer Top 500 Guide (a PDF version of the company’s financial and operating profile can be ordered by clicking on its name), reported:

“Our growth was driven by strong performance from our core business, including our beauty business on Drugstore.com and Beauty.com, along with growing contributions from our partnerships,” says CEO Dawn Lepore.

 

For the full year, Drugstore.com also reported:

In the first quarter, Drugstore.com expects sales to range from $117.0 million to $121.0 million and the net loss from $2.4 million to $3.5 million.

 

Topics:

business finance, Drugstore.com

NEWS CATEGORIES Back to Top...