February 27, 2021
In the second quarter of 2020, as the Covid-19 pandemic kicked off in earnest and personal protective equipment grew scarce, face masks accounted for a whopping 14% of gross merchandise sales (GMS) on handmade-goods platform Etsy. By the third quarter, masks would account for 11% of GMS, and by the fourth quarter that would fall to 4% but by then millions of one-time mask buyers had already become Etsy return visitors.
On Thursday, Etsy reported fourth-quarter earnings that blew past analyst expectations, including a 129% year-over-year increase in revenue (which hit $617 million) and a 375% year-over-year increase in net income ($148.5 million). For all of 2020, Etsy’s profit more than doubled, and GMS grew by 106%. The company also said that nearly half of the 3 million customers who only bought masks on the site in the third quarter came back to Etsy in the fourth quarter to buy other items. CFO Rachel Glaser called it “a great signal” for the company’s
Etsy Inc (ETSY) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
already there. we stressed that those responsible for atrocities must be held account able. that s an important element to future violence and cycles of violence. we now know the identities of six u.s. soldiers killed in afghanistan. the single largest lost for our military in afghanistan in six months. 19-year-old sergeant peter bowler was the helicopter s crew chief, the oldest of three children from willow spring, north carolina. he came from a long line of soldiers. 30-year-old staff sergeant jesse lee williams, his third deployment to afghanistan. williams leaves behind a 6-year-old daughter madison who he met for the first time in 2008 while home on leave from iraq. specialist terry gordon from mississippi, he was only 22 years old. 35-year-old chief warrant officer joshua silverman called
lighting grid came down. no word of what caused this failure in the theater. 88 patients were treated. somehow nobody was killed. the blowup over air force of an indian diplomat shows no sign of slowing down. she was arrested for trying to get a visa for her housekeeper who was being paid below minimum wage. the diplomat complained of rough treatment including a strip search. she says she was put in with common criminals. now india claims she has immunity, even upgrading her status to insulate her against prosecution. but a state department says it s not proactive. secretary of state john kerry personally apologizing to the foreign minister in india. the pentagon has identified the six u.s. soldiers killed in southern afghanistan earlier this week. randy billings, joshua