Shutterfly Announces Fourth Quarter and Full Year 2014 Financial Results

Shutterfly, Inc. (NASDAQ:SFLY), the leading manufacturer and digital retailer of high-quality personalized products and services offered through a family of lifestyle brands, today announced financial results for the fourth quarter and full year-ended December 31, 2014.

“2014 was another outstanding year for Shutterfly,” said Jeffrey Housenbold, President and CEO of Shutterfly. “We delivered record results for revenue, adjusted EBITDA, and free cash flow, and we also returned nearly $90 million of capital back to our shareholders through our share repurchase plan. We continue to thoughtfully balance our strategic investments across our multiple objectives of gaining market share, widening our competitive moat, and driving continuous innovation to deliver increased shareholder value over both the short and long term.”

Fourth Quarter 2014 Financial Highlights
* Net revenues totaled $483.3 million, an 18% year-over-year increase.
* Fourth quarter 2014 represents the 56th consecutive quarter of year-over-year net revenue growth.
* Consumer net revenues totaled $462.9 million, a 16% year-over-year increase.
* Enterprise net revenues totaled $20.4 million, a 67% year-over-year increase.
* Gross profit margin was 58% of net revenues, compared to 60% in the fourth quarter of 2013.
* Consumer gross profit margin was 60.7% of net revenues. (1)
* Enterprise gross profit margin was 12.9% of net revenues. (1)

Full Year 2014 Financial Highlights
* Net revenues totaled $921.6 million, an 18% year-over-year increase.
* Consumer net revenues totaled $871.0 million, a 17% year-over-year increase.
* Enterprise net revenues totaled $50.6 million, a 34% year-over-year increase.
* Gross profit margin was 50.9% of net revenues, compared to 52.8% in 2013.
* Consumer gross profit margin was 54.7% of net revenues. (1)
* Enterprise gross profit margin was 14.2% of net revenues. (1)

read more/source:  http://ir.shutterfly.com/releasedetail.cfm?ReleaseID=896201

Back To Top
Close search
Search