Vistaprint Reports Decline in Operating Income, Revenue Increase
January 26, 2012
|
Operating Metrics (exclude Albumprinter and Webs results unless otherwise stated):
Ernst Teunissen, executive vice president and CFO, said, “Based on the results of the first half of fiscal 2012, we remain confident we will deliver against our operational expectations for the full year. We are now updating our guidance for fiscal 2012 to reflect several items unrelated to our organic operational performance. First, currency rates have moved unfavorably since we last gave guidance in October 2011, which primarily impacts our revenue guidance in U.S. dollars. Second, we have repurchased a significant number of Vistaprint shares since October, which will benefit our earnings per share relative to our prior expectations. And finally, our expectations for the Webs acquisition are now incorporated into our guidance. As previously disclosed, we expect the Webs acquisition will add a small amount of revenue in the back half of the year, and will be dilutive to GAAP and non-GAAP earnings.”
Financial Guidance as of January 26, 2012: (Based on current and anticipated levels of demand, the company expects the following financial results.)
Revenue
For the full fiscal year ending June 30, 2012, the company expects revenue of approximately $1.006 billion to $1.036 billion, or 23 percent to 27 percent growth year over year in reported terms
For the third quarter of fiscal year 2012, ending March 31, 2012, the company expects revenue of approximately $246 million to $261 million, or 21 percent to 28 percent growth year over year in reported terms. We expect constant-currency organic growth of approximately 16 percent to 23 percent.
Source: Vistaprint.
- Vistaprint acquired approximately 2.9 million new customers in the second fiscal quarter ended Dec. 31, 2011, compared with 2.2 million in the same quarter a year ago, reflecting an increase of 32 percent.
- On a trailing 12-month basis, unique active customer count was 12.9 million. Unique active customer count is the number of individual customers who purchased from us in a given period, with no regard to the frequency of purchase. This compares to 10.6 million in the twelve month period ended Dec. 31, 2010.
- Total order volume in the second quarter of fiscal 2012 was approximately 8.3 million, reflecting an increase of approximately 28 percent over total orders of approximately 6.5 million in the same quarter a year ago.
- Average order value in the second quarter, including revenue from shipping and processing, was $34.61, compared with $36.17 in the same quarter a year ago.
- Revenue from customers in North America was $139.8 million, or 47 percent of total revenue in the second quarter. This represents 20 percent growth year over year in both reported terms and in constant currency.
Ernst Teunissen, executive vice president and CFO, said, “Based on the results of the first half of fiscal 2012, we remain confident we will deliver against our operational expectations for the full year. We are now updating our guidance for fiscal 2012 to reflect several items unrelated to our organic operational performance. First, currency rates have moved unfavorably since we last gave guidance in October 2011, which primarily impacts our revenue guidance in U.S. dollars. Second, we have repurchased a significant number of Vistaprint shares since October, which will benefit our earnings per share relative to our prior expectations. And finally, our expectations for the Webs acquisition are now incorporated into our guidance. As previously disclosed, we expect the Webs acquisition will add a small amount of revenue in the back half of the year, and will be dilutive to GAAP and non-GAAP earnings.”
Financial Guidance as of January 26, 2012: (Based on current and anticipated levels of demand, the company expects the following financial results.)
Revenue
For the full fiscal year ending June 30, 2012, the company expects revenue of approximately $1.006 billion to $1.036 billion, or 23 percent to 27 percent growth year over year in reported terms
For the third quarter of fiscal year 2012, ending March 31, 2012, the company expects revenue of approximately $246 million to $261 million, or 21 percent to 28 percent growth year over year in reported terms. We expect constant-currency organic growth of approximately 16 percent to 23 percent.
Source: Vistaprint.
Page 1 | 2
Companies Mentioned:
 |
|
