- Three months after cutting its full-year sales and adjusted EBITDA guidance to $1.3B-$1.4B and $55M-$70M, Zulily (NASDAQ:ZU) is reiterating the forecast. Meanwhile, Q3 revenue guidance of $300M-$325M is in-line with a $313.4M consensus; adjusted EBITDA guidance is at $5M-$15M.
- Sales/metrics: Revenue growth slowed to 4% in Q2 from Q1's 29%. Active orders totaled 4.9M, down 2% Q/Q and up 19% Y/Y. Orders placed fell 8% Q/Q and rose 7% Y/Y to 5.8M, and average order value fell to $53.63 from $56.25 in Q1 and $53.85 a year ago. 56% of orders were placed via mobile devices.
- Gross margin rose to 31.1% from 28.4% a year ago. SG&A/marketing spend rose 19% to $87.2M (outpacing revenue growth).
- Shares have risen to $12.54 AH. They're still down 46% YTD.
- Q2 results, PR