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Jun 30, 2020
Beyond Q2 2020 Earnings Report
Reported financial results for the quarter, achieving a net income of $36 million and a record total net revenue of $783 million.
Key Takeaways
Overstock.com reported strong Q2 2020 results, with total net revenue increasing by 109% year-over-year to $783 million and net income attributable to stockholders reaching $36 million, a $61 million improvement year-over-year. The company's Retail business saw significant growth, driven by increased customer demand in home furnishings.
Total net revenue increased by 109% year-over-year, reaching $783 million.
Net income attributable to stockholders improved by $61 million year-over-year, totaling $36 million.
Retail gross sales increased by 114% year-over-year, reaching $1 billion.
Newly acquired Retail customers increased by 205% year-over-year.
Forward Guidance
Overstock anticipates sustainable, profitable growth in its Overstock Retail business if current business trends continue.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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