Shares plunged 13.2% following earnings as investors reacted negatively to a cautious outlook and the absence of clear margin expansion despite modest top-line growth, signaling ongoing operational challenges and integration costs weighing on profitability.
- Omnichannel revenue rose 28% year-over-year, driven by both marketplace and physical store sales.
- Base e-commerce business showed growth for the second consecutive quarter after prolonged declines.
- Orders doubled, contributing to improved gross margin on a reported basis.
- Merger and transaction-related costs continued to pressure operating margins.
- Management emphasized a long-term transformation strategy but provided limited near-term margin guidance, leading to investor caution.
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