Total sales grew year over year 31%.
Mark Brohan , Research Director
The top line grew, but not the bottom for Geeknet Inc. in the second quarter.
For the quarter ended June 30, Geeknet, No. 192 in the Internet Retailer Top 500 Guide, reported:
“We are beginning to realize the benefits of our focus on driving toward profitable growth in 2011, as both our ThinkGeek and Media businesses delivered strong revenue growth in the second quarter," said says executive chairman Ken Langone.
Internet Retailer calculates e-commerce accounted for 71.5% of total sales compared with 69.3% in the second quarter of 2010.
For the first two quarters:
Internet Retailer calculates e-commerce accounted for 73.8% of total sales compared with 69.7% in the first two quarters of 2010.
"In the past year, we have made numerous changes at the company designed to better focus our strategy to grow revenue and create operational efficiencies that can drive bottom line improvements,” says Langone.