Drugstore.com Q2
This article was originally published in The Rose Sheet
Executive Summary
Online drugstore's net revenue per order in the second quarter increased 10% to $68, driven by "merchandise selection, ability to cross-sell and up-sell our customer...and our expansion into niche, unique extension categories," CEO Kal Raman says, citing beauty brands such as Burt's Bees and philosophy. Company acquired 205,000 new customers in the quarter, bringing Drugstore.com's customer base to 2.8 mil., firm adds during its 1second quarter sales and earnings presentation July 24. Repeat customers generated 71% of all orders. Net sales for the quarter increased 39.9% to $47.6 mil. and EBITDA loss was $8.5 mil., compared with a $14.7 mil. Loss in the year-ago period. Company remains on track to become EBITDA positive in 2003, Raman adds...
You may also be interested in...
Cosmetic And Personal Care Trademark Review: 16 April
Personal care and cosmetic product trademark filings compiled from the Official Gazette of the US Patent and Trademark Office, Class 3.
Health And Wellness Weekly Trademarks Review: 16 April
Trademarks are registered and published for opposition with the US Patent and Trademark Office and are published weekly in the agency's Official Gazette.
Beauty Packaging Producers: July Marks Registration Deadline With PRO In Three States
Companies considered producers of single-use packaging in Oregon, Colorado and California must register with Circular Action Alliance, the leading (and currently only) producer responsibility organization, by 1 July 2024 under new state recycling laws.