zulily (ZU) Tops Q1 EPS by 4c; Cuts Outlook

zulily (NASDAQ: ZU) reported Q1 EPS of $0.01, $0.04 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $306.6 million versus the consensus estimate of $313.1 million.

zulily sees Q2 2015 revenue of $285-300 million, versus the consensus of $358.57 million.

zulily sees FY2015 revenue of $1.3-1.4 billion, versus the consensus of $1.56 billion.

"We delivered strong first quarter results with revenue in line and adjusted EBITDA well exceeding our expectations. We made significant progress against our 2015 objectives to improve the daily experience, deliver the perfect order and expand gross margins," said Darrell Cavens, CEO of zulily. "The percentage of orders placed on mobile platforms reached an all-time high in Q1, order to ship times decreased, and gross margins hit our long-term financial target of 30% less than two years after our IPO. We also launched our redesigned website last week, which is responsive in design and materially enhances the customer experience across all platforms. I'm proud of the team for delivering on strong growth while continuing to deliver an amazing customer experience, every day."

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

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