EVINE Live (EVLV) Tops Q2 EPS by 1c; Updates on Guidance
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Evine Live Inc. Reports Second Quarter 2016 Results
August 24, 2016 6:00 AM EDTMINNEAPOLIS, Aug. 24, 2016 (GLOBE NEWSWIRE) -- Evine Live Inc. (NASDAQ: EVLV) today announced results for the second quarter ended July 30, 2016. The company posted quarterly net sales of $157 million. The company also posted a net loss of $2 million, a 35% improvement year-over-year, and an Adjusted EBITDA of $3.8 million, a 52% improvement year-over-year. Gross profit as a percentage of sales increased 160 basis points to 38.1% compared to 36.5% in the second quarter of last year.
Im pleased with our teams delivery of improved profitability this quarter as we executed on our strategy announced in February. Â By improving the... More
