Etsy stock tumbles on revenue miss as company reports drop in number of goods sold
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Etsy's stock fell due to a revenue miss and a decline in the number of goods sold during the holiday quarter. The company cited significant headwinds, including reduced consumer spending on discretionary items.
February 19, 2025 | 4:00 pm
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Etsy's stock experienced a decline after the company reported lower-than-expected sales and a drop in gross merchandise sales for the holiday quarter. The company attributed this to significant headwinds, including reduced consumer spending on discretionary goods.
Etsy's revenue miss and decline in goods sold are critical indicators of the company's performance, especially during the holiday quarter, which is typically a strong period for sales. The mention of significant headwinds and reduced consumer spending suggests potential challenges ahead, likely leading to a negative short-term impact on the stock price.
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