Shares of drugstore.com rise after posting Q4 results |
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Shares of drugstore.com rise after posting Q4 results
Drugstore.com said that sales grew by 25 percent during the fourth quarter to $117.4 million, driven in part by sales at its Beauty.com unit. The results also were bolstered by the fact that the fourth quarter of 2009 consisted of a 14-week period, which compared to a 13-week period for 2008. Nonetheless, CEO Dawn Lapore said in a statement today that she was pleased with the results.
“Our growth was driven by strong performance from our core business, including our beauty business on drugstore.com and Beauty.com, along with growing contributions from our partnerships," Lapore said. "Our partnerships helped fuel new customer growth of 49 percent over the same period last year, while also reducing our marketing cost per new customer to its lowest level in company history."
The Bellevue company also posted a net loss of $1.6 million for the fourth quarter after incurring expenses of $1.4 million related to the planned acquisition of Salu Inc.
For the year, the company reported net sales of $412.8 million and net loss of $1.4 million. That compared to net sales of $366 million and a net loss of $8.2 million for 2008.
Shares of Drugstore.com were up four percent in after hours trading.
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