Overstock's revenue and profits both increased in 2021! The number of active buyers reached 8.1 million!

It is learned that on February 23, Overstock, an American discount home furnishing e-commerce company, announced its 2021Q4 and 2021 financial results. Although revenue declined, profits increased. After the financial report was released, Overstock's stock price rose by more than 8% on the same day. The following is a summary of Overstock's financial report for the fourth quarter of 2021:

• Revenue was $613 million, down 9% year-on-year

• Gross profit was $139 million, or 22.7% of total revenue

• The number of active buyers was 8.1 million, down 12% year-on-year

• The number of orders delivered reached 3 million, a year-on-year decrease of 25%

• The average order value was $206, up 23% year-over-year.

• Mobile devices accounted for 50.7% of sales in the fourth quarter.

In 2021, Overstock's revenue was $2.8 billion, an increase of 11% year-on-year, and its revenue was almost double that before the epidemic. Gross profit was $624 million, accounting for 22.6% of total revenue. This is the second consecutive year that Overstock has achieved profitability, and its market share has also increased.

It is learned that nearly one-third of home furniture in the United States is traded in online channels. Overstock said that the basic operational improvements made in the past two years have stabilized the business, which enables it to better cope with long-term economic and industry-specific cycles. And it remains confident and full of expectations for future business development.

Editor ✎Estella/

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