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."
Total revenue was $123.9 billion, an increase of $1.2 billion, or 1.0%. Excluding currency, total revenue was $125.8 billion, an increase of $3.1 billion, or 2.5%.
Walmart U.S. comp sales of 3.4% marks the best Q1 comp in 9 years and is the fourth consecutive quarter above 3%. Operating income was better than expected, up 5.5%.
Walmart U.S. eCommerce sales growth of 37% reflects strong growth in online grocery, as well as the Home and Fashion categories on Walmart.com.
Net sales at Walmart International were $28.8 billion, a decline of 4.9%. Excluding currency, net sales were $30.6 billion, an increase of 1.2%.
Operating income declined 4.1%, or 3.0% in constant currency, which was better than planned as strong results from Walmart U.S. and Sam’s Club were offset by the inclusion of Flipkart this year.