Netshoes (NETS) Misses Q1 EPS by 28c, Miss on Revenues

Netshoes (NYSE: NETS) reported Q1 EPS of ($0.58), $0.28 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $120.13 million versus the consensus estimate of $127.2 million.

First Quarter 2018 Key Highlights

• Registered members up 21%, reaching 23 million members
• Active customers up 20%, reaching 7 million
• Invoiced orders up 13% to 2.8 million orders, of which 78% were from repeat customers
• Orders placed from mobile devices up 52%, accounting for 53% of total transactions
• Total consolidated GMV increased 5%
• Total B2C GMV increased 10%
• Marketplace GMV accounted for 12% of total GMV, up 2 percentage points (p.p.) sequentially and 6 p.p. over 1Q-2017
• Consolidated net sales up 0.8%
• Adjusted EBITDA was negative R$29 million and net loss was R$60 million

For earnings history and earnings-related data on Netshoes (NETS) click here.

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