After a decent performance in the previous year, Shutterfly sustained its growth trend in Q1, with nearly $200 million in quarterly revenue, an increase of nearly 4% year-on-year. In line with our expectations, the growth in the company’s Shutterfly brand was partially offset by declining revenues in non-Shutterfly brands. The decline in the consumer business, due to the shutdown of non-Shutterfly brands, was reflected in the decline in gross margins. We have created an interactive dashboard which shows our forecasts for the company’s revenues. You can modify the different revenue drivers to see how changes impact the company’s expected revenues.

Source: Forbes May 02, 2018 18:45 UTC