Gabby Jones | Bloomberg | Getty images
Etc. The shares loot on Wednesday after the company recorded mixed results for the first quarter.
This is how the company did:
- Profit per action: $ 1.03 adjusted compared to 49 cents expected by LSE
- Revenue: $ 651.2 million vs. $ 643 million expected by LSE
ETSY’s actions fell more than 9% in the afternoon negotiation, since the actions fell widely after the new economic data showed a contraction or 0.3%. The stimulated data fear that the economy was directed towards a recession of the abrupt policy changes of President Donald Trump, mainly around trade.
The electronic commerce company reported a loss or $ 52.1 million, or a loss or 49 cents per share, compared to a gain or $ 68 million, or 48 cents per share, a year ago. The analysts surveyed by LSE projected profits per share of 49 cents.
Etsy said the results reflected that it became a position for deterioration of $ 101.7 million of the reverberation sale. The company announced earlier this month that it will sell the musical instrument market that it acquired in 2019 to focus on its central market and the second -hand Depap platform, which it bought in 2021.
Revenue for quarter increased approximately 1% to $ 651.2 million, surpassing projected analysts $ 643 million.
ETSY operates an online market that connects buyers and vendors with artisanal goods. Like many other retailers, the company is digesting the impact of Trump’s radical tariffs, the thought CEO, Josh Silverman, said in February that the company is “enormously” dependent on China’s products, which was beaten by aggressive taxes of 145%.
Etsy’s financial director, Lanny Baker, said on Wednesday that the company “remains agile in the face of uncertainty” around the tariff ads and “the fluid state of consumer confidence in our central markets.”
The company said it also established a “small operational work group” to address rates, which have been buyers and sellers of suppliers with guidance on shipping deadlines, along with other information. Earlier this month, Etsy begged highlighting products from national vendors in their place as a way for buyers to avoid additional costs associated with Trump tariffs.
Approximately 90% of sellers get their products nationwide, Silverman said in a call with investors.
Etsy a one -day stock table.
“We are, or of course, monitoring the impact of Ricochet of the highest global rates on consumer spending on our central markets, particularly with respect to the cost of the items that people buy every day and how this can affect the demand for consumer articles,” Silverman “, Silverman,” Silverman.
The sales of gross goods, a key metric that measures the total volume of goods sold on the platform, fell 6.5% year after year to $ 2.79 billion, which was in line with consensus estimates, according to the data set.
For the second quarter, ETSY predicted that GMS decreases at a similar or “potentially better rate than” the 6.5% rate that this quarter saw.
Active sellers on the platform fell 11.3% year approximately year to almost 8.1 million, marking four falls of fall. Active buyers also decreased for the second consecutive quarter to 94.8 million. Both figures include vendors and buyers throughout the Core Etsy, Depop and Reverb market.
ETSY has been working to strengthen its image as a destination for unique gifts and products, since it seems to return to growth and combat a fiercely competitive electronic commerce market dominated by Amazon and, more recently, Chinese online retailers, Shein And Tail.
