zulily (ZU) Tops Q3 EPS by 5c

zulily (NASDAQ: ZU) reported Q3 EPS of $0.02, $0.05 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $285.8 million versus the consensus estimate of $285.3 million.

"This was a strong quarter where we hit several key milestones— the business reached a billion dollars in revenue on a trailing 12 month basis and the majority of our North American orders now come from mobile," said Darrell Cavens, CEO of zulily. "We've grown adjusted EBITDA and free cash flow while making upgrades to our technology and infrastructure for scale. Our obsession with offering up great products every day at a great value continues to resonate with our customers, and I'm excited about what more we can achieve in the years ahead."

Other Highlights

• Active customers grew to 4.5 million by the end of Third Quarter 2014, an increase of 72% 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 5.9 million for the Third Quarter 2014, an increase of 63% year over year.
• Average order value was $56.33 for the Third Quarter 2014, an increase of 2% 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 September 28, 2014, 84% of our North American orders were placed by customers who had previously purchased from zulily.
• In the Third Quarter 2014, approximately 50% of North American orders were placed from a mobile device, up from approximately 49% in the Second Quarter 2014, and approximately 45% in the Third Quarter 2013.

Sees Q4 sales of $391-$416.3 million, versus the consensus of $411.95 million. Q4 net income before provision for income taxes is expected to be between $10.7 million and $20.7 million. Q4 non-GAAP adjusted EBITDA is expected to be between $21.5 million and $31.5 million.

zulily also sees FY14 sales of $1.20 to $1.225 billion and non-GAAP adjusted EBITDA is expected to be between $45.0 million and $55.0 million.

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

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