Zulily shrinks net loss in Q3

Seattle –- Online retailer Zulily Inc. shrank its net loss to $795 million in the third quarter of fiscal 2014 from $2.25 billion the same period the prior year. Net sales shot up 72% to$285.8 million.



Approximately 50% of North American orders were placed from a mobile device, up from approximately 45% in the same quarter a year earlier. Average order value, total orders, and active customers (customers who have purchased an item at Zulily at least once in the past 12 months) all also increased from the prior year period.



"This was a strong quarter where we hit several key milestones— the business reached a billion dollars in revenue on a trailing 12 month basis and the majority of our North American orders now come from mobile," said Darrell Cavens, CEO of Zulily. "We've grown adjusted EBITDA and free cash flow while making upgrades to our technology and infrastructure for scale."



For the fourth quarter, Zulily expects net income between $10.7 million and $20.7 million, and net sales between $391.3 million and $416.3 million. For the full fiscal year, the retailer expects net income between $15 million and $25 million and net sales between $1.2 billion and $1.225 billion.