Etsy misses holiday-quarter sales estimates, shares fall
(Reuters) – Etsy (:Est) The street calculations of the missed wall for the sale of leave-quarter of income and gross products, to send it to the weak costs of gifts and hand-made products on Wednesday.
Nearby. February 18 at 4 pm. At 00
Sticky inflation and competition from other online trading platforms such as Amazon.com and PDD Holdings’ Temu damaged ETSY’s revenues, as consumers chose lower prices and discounts.
Until the last three months of the year, consumer expenses increased, according to the US Department of Economic Analysis, the demand for furniture and accessories was weak, as people prioritized.
Etsy installed consolidated grandmasters to measure a key meter – $ 3.74 billion compared to the quarter ended on December 31, compared to $ 3.88 billion.
It installed a quarterly income of $ 852.2 million compared to $ 862.8 million.
The company also predicts the first quarterly grandmasters to decrease by 6.8% to the previous year, such a line, as seen in the last three months of 2024.
However, Etsy earned $ 1.03 in its fourth quarter, beating the expectations of 93 cents.
(Report on Aamir Sohail in Bengalur; Editing, Krishna Chandra Elur)
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