Etsy Q1 GMS $3B, Down 3.7% YoY
Portfolio Pulse from Benzinga Newsdesk
Etsy reported a Q1 Gross Merchandise Sales (GMS) of $3 billion, marking a decrease of 3.7% year-over-year.
May 01, 2024 | 8:07 pm
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NEGATIVE IMPACT
Etsy's Q1 Gross Merchandise Sales (GMS) decreased by 3.7% year-over-year to $3 billion.
A year-over-year decrease in Gross Merchandise Sales (GMS) is generally viewed negatively by investors as it indicates a potential slowdown in the company's business activity. This could lead to a negative short-term impact on Etsy's stock price as investors reassess the company's growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100