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ETSY's second-quarter results reflect strength across active sellers and reactivated buyers. Also, accelerating marketplace revenues remains a plus.
As Etsy sees its sales slip, the eCommerce marketplace is gearing up to launch a loyalty program in an effort to drive greater spending and frequency among consumers who demand to be rewarded for their purchases.
“We have so much to offer, that's going to require organizing this incredible amount of inventory,” Etsy CEO Josh Silverman says about the company's AI implementation.
Clearly the Fed feels they can afford seven more weeks of dwindling labor market and inflation data.
Etsy CEO Josh Silverman joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the consumer, rollout of the company's loyalty program, AI implementation, and more.
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Etsy, Inc. (NASDAQ:ETSY ) Q2 2024 Earnings Call Transcript July 31, 2024 5:00 PM ET Company Participants Deb Wasser - VP of IR Josh Silverman - CEO Rachel Glaser - CFO Conference Call Participants Jason Helfstein - Oppenheimer Jian Li - Evercore Nathan Feather - Morgan Stanley Shweta Khajuria - Wolfe Research John Colantuoni - Jefferies Rick Patel - Raymond James Chris Kuntarich - UBS Michael Morton - MoffettNathanson Deb Wasser Hi, everyone, and welcome to Etsy's Q2 2024 Earnings Conference Call. I'm Deb Wasser, VP of Investor Relations.
Although the revenue and EPS for Etsy (ETSY) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Etsy (ETSY) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.83 per share a year ago.
Etsy beat Wall Street expectations for second-quarter revenue and gross merchandise sales on Wednesday, helped by steady demand for personalized gifts at its online marketplace.