Drugstore.com Replaces CEO, Reports Cut in Fourth-Quarter Losses

Share this article:
Drugstore.com cut its fourth-quarter losses by 44 percent from the previous year's period, the company reported Friday. It also said that chief operating officer Kal Raman will replace Peter Neupert as president/CEO.


Raman joined Drugstore.com in 1998 as the company's chief technology officer. The Bellevue, WA-based company did not indicate Neupert's future plans.


Outside a $7.3 million restructuring charge and other costs, the online pharmacy had a fourth-quarter net loss of $21.8 million, or 33 cents a share, compared with a loss of $38.9 million, or 86 cents a share, in the year-ago quarter. Its fourth quarter ended March 31.


The Web firm, which sells prescription drugs and health/beauty products, reported that fourth-quarter revenue grew to $32.8 million from $22.7 million in the year-ago period as it added 171,000 new customers.


Share this article:

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

News Byte: CX Scores to Take Their Place Beside Price Listings

News Byte: CX Scores to Take Their Place ...

E-commerce aggregator PriceGrabber will begin offsetting price info with service expectations.

Data Byte: Interactive Ad Revenues Exceeding TV for the First Time

Data Byte: Interactive Ad Revenues Exceeding TV for ...

At nearly $43 billion, interactive advertising revenues exceeded broadcast for the first time in 2013.

Marketers: Data Rich and Knowledge Poor

Marketers: Data Rich and Knowledge Poor

While advertisers have become incredibly data-savvy, the most difficult challenge remains causally linking that data to outcomes that really matter.