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LightInTheBox Holding GAAP net revenues decreased 16.3%

Staff Writer |
LightInTheBox Holding Co. announced its unaudited financial results for the second quarter of 2016.

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GAAP net revenues decreased 16.3% year-over-year to $65.6 million from $78.4 million in the same quarter of 2015.

Total orders decreased 32.7% year-over-year to 1.4 million for the second quarter of 2016, while the total number of customers who made a purchase decreased 26.8% year-over-year to 1.2 million.

Revenues in the apparel category decreased 22.5% year-over-year to $27.1 million for the second quarter of 2016.

As a percentage of total net revenues, apparel revenues were 41.2%, compared with 44.6% in the same quarter of 2015. Revenues from other general merchandise decreased by 11.3% year-over-year to $38.5 million for the second quarter of 2016.

Revenues from Europe decreased by 17.0% to $37.0 million, representing 56.4% of total net revenues for the second quarter of 2016. Revenues from North America decreased by 9.4% to $21.4 million, representing 32.6% of total net revenues for the second quarter of 2016, while revenues from other countries decreased by 29.1% to $7.2 million, representing 11.0% of total net revenues for the same quarter.

Gross profit for the second quarter of 2016 was $24.4 million, down from $29.5 million in the same period of 2015. Gross margin was 37.2% in the second quarter of 2016, compared with 37.5% in the same quarter of 2015.

Total operating expenses in the second quarter of 2016 were $26.5 million, compared with $35.4 million in the same quarter of 2015.


What to read next

LightInTheBox Q1 net revenues were $87.6 million
LightInTheBox GAAP net revenues $81 million higher than expected
LightInTheBox Q2 non-GAAP net revenues $90.8 million

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