Zulily (ZU) Tops Q2 EPS by 2c; Boosts FY14 Revs Outlook

Zulily (NASDAQ: ZU) reported Q2 EPS of $0.05, $0.02 better than the analyst estimate of $0.03. Revenue for the quarter came in at $285 million versus the consensus estimate of $272.04 million.

Other Highlights

• Active customers grew to 4.1 million by the end of Second Quarter 2014, an increase of 86% year over year. zulily defines an active customer as an individual customer who has purchased from zulily at least once in the last year, measured from the last date of a period.
• Total orders placed increased to 5.4 million for the Second Quarter 2014, an increase of 92% year over year.
• Average order value was $53.85 for the Second Quarter 2014, an increase of 1% year over year. zulily defines average order value as the sum of the total order values (including shipping and handling charges) in a given period divided by the total orders placed in that period.
• For the 12 months ended June 29, 2014, 84% of our North American orders were placed by customers who had previously purchased from us.
• In the Second Quarter 2014, approximately 49% of North American orders were placed from a mobile device, up from approximately 47% in the First Quarter 2014, and approximately 42% in the Second Quarter 2013.

Zulily sees Q3 2014 revenue of $275-287.5 million, versus the consensus of $283.3 million.

Zulily sees FY2014 revenue of $1.20-1.225 billion, versus prior guidance of $1.15-1.20 billion and the consensus of $1.20 billion.

For earnings history and earnings-related data on Zulily (ZU) click here.

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