Drugstore.com Loses $15M for 3Q

Share this content:
Drugstore.com said yesterday that it lost $15 million during the third quarter, an amount less than half of the company's loss suffered during the same period last year.


The loss of 23 cents per share was better than most Wall Street expectations, as analysts had projected a loss of 27 cents to 30 cents per share, according to reports.


Though the e-tailer continues to improve results, its target date for pro forma profits is three years away.


Shortly after the Sept. 11 terrorist attacks, Drugstore.com reiterated its third-quarter guidance, saying the events would have minimal effect on its earnings.


During the quarter, sales rose 32 percent compared with the year-ago period to $35 million, as the average order size increased to $66.


Drugstore.com added 150,000 new customers during the quarter, bringing the total to 2.1 million. Drugstore.com mailed its first catalogs during the quarter as it implemented a phone order service.


Drugstore.com expects to lose $19 million in the fourth quarter on sales of $40 million to $41 million.


close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above