Overstock Active Customers 4.9M (-15% Y/Y); Orders Delivered 1.9M (+3%); Average Order Value $192 (-21%)
Portfolio Pulse from Benzinga Newsdesk
Overstock's Q3 2023 operational metrics show a decrease in active customers by 15% YoY to 4.9 million, and a decrease in average order value by 21% YoY to $192. However, orders delivered increased by 3% YoY to 1.9 million. Orders placed on a mobile device accounted for 58% of gross merchandise sales.
October 26, 2023 | 10:03 am
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Overstock's Q3 2023 operational metrics show a decrease in active customers and average order value, but an increase in orders delivered. This mixed performance may impact the company's stock price.
Overstock's decrease in active customers and average order value indicates a potential decrease in revenue, which could negatively impact the stock price. However, the increase in orders delivered suggests an increase in sales volume, which could offset the decrease in average order value. Therefore, the impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100