-
Increased order sizes boost Overstock.com’s Q1 results
SALT LAKE CITY — Online discount retailer Overstock.com reported a 19% increase in total net revenue for the first quarter, thanks to a 21% increase in average order size.
Overstock.com’s total net revenue for the quarter was $312 million, up from $262 million for the first quarter of last year, even though the company reported a small decrease in the number of customer orders. Its net income for the quarter surged to $8 million, up from $2.7 million for the same period last year.
-
PepsiCo encouraged by Q1 results
PURCHASE, N.Y. — PepsiCo reported a net revenue increase of 1% to $12,581 billion from $12,428 billion for the period ended March 23. Its net income declined by slightly more than 1 billion to $1,085 billion from $1,133 billion.
However, on a constant currency basis, revenue increased 4%.