7/31/14

Shutterfly reports 19% revenue growth in Q2

The second quarter of 2014 is Shutterfly’s 54th consecutive quarter of year-over-year net revenue growth.

Sylvia De Oliveira , Director of Latin America Research

Shutterfly Inc., an online snapshot processor and photo album retailer reports net revenue increased 19% in Q2, and mobile sales doubled.

For the second quarter ending June 30, 2014 Shutterfly, No. 50 in the Top 500 Guide, reported:

“Consumer revenue grew 20% year over year, and mobile revenues on our Shutterfly brand more than doubled as consumers responded to our assortment of high quality personalized products and services across our portfolio of premium lifestyle brands." says Jeffrey Housenbold, president and CEO.

It was a “strong quarter” for Shutterfly, says analyst Colin Sebastian of investment firm Robert W. Baird & Co. “Shutterfly continues to invest in product enhancements and fulfillment/data center capacity, which we note is consistent with the long-term strategy of other high-quality consumer Internet companies,” Sebastian wrote yesterday in a note to investors. “In addition, Sales & Marketing costs reflected the company's integrated marketing campaign and higher headcount.” The sales and marketing costs for the second quarter were $44,480 compared to $38,277 a 16.2% increase compared to the same quarter in 2013.

For the first six months of the year, the merchant reported:

Shutterfly is projecting a third quarter net loss of between $49.6 million and $51.6 million.

Topics:

e-commerce, e-commerce sales, mobile commerce, photo, Q2 2014 earnings, Shutterfly, Top 500

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