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More on the Groupon disaster: Europe is still weak - Q4 international revenue -16% Y/Y (was +3%...

  • Wednesday, February 27, 4:29 PM ET
    More on the Groupon disaster: Europe is still weak - Q4 international revenue -16% Y/Y (was +3% in Q3), billings +6%. North America was better: revenue +109% (+81% in Q3), billings +51%. Direct revenue (e-commerce sales) rose to $225M, now 35% of revenue. But it produced just $6.6M in gross profit. This led gross margin to fall to 55.7% from 80.4% a year ago. Marketing spend -61% Y/Y to $60.9M, SG&A +20% to $307.6M. Capex $40M in Q4, $96M in 2012. Headcount fell by 472 to 11.4K. GRPN -19.9% AH. CC at 5PM ET (webcast). (PR) (slides)
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This news story has 3 comments:

  •  
    Unmitigated disaster.......all the signs were there for those who were looking. The analyst upgrades a week before earnings confirms that it's business as usual on Wall Street.
    27 Feb, 05:04 PM Reply Like
  •  
    This will eventually go b/k imo.
    27 Feb, 05:44 PM Reply Like
  •  
    agree with skull & bones, i got an e-mail this morning from alpha that grpn was a buy and that its going to climb to $7. all of the sudden things are quiet
    28 Feb, 06:49 AM Reply Like
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