×
6 354
Fashion Jobs
TK MAXX
10933-Loss Prevention/Securityofficer
Permanent · Nottingham
TJX EUROPE
IT Engineering Manager
Permanent · Watford
TJX EUROPE
tk Maxx Leicester - Loss Prevention Officer (Security) - Full Time 37.5hrs
Permanent · Leicester
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, New Street
Permanent · Birmingham
GILLY HICKS STORES
Gilly Hicks - Brand Representative, Arndale
Permanent · Manchester
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Midsummer Place
Permanent · Milton Keynes
HOLLISTER CO. STORES
Hollister CO. - Full Time Stock Lead Associate, Trafford
Permanent · Manchester
TAPESTRY
Coordinator, Store Operations & Communications
Permanent · London
COACH
Analyst, Wholesale Operations
Permanent · London
COTY
Senior National Account Manager
Permanent · London
FRASERS GROUP
Warehouse Training Instructor
Permanent · SHIREBROOK
FRASERS GROUP
Facilities Coordinator
Permanent · LONDON
REISS
Partner Marketing Executive
Permanent · LONDON
REISS
Digital Marketing Executive
Permanent · LONDON
HUGO BOSS UK LTD.
Finance Assistant - Accounts Payable
Permanent · LONDON
WAITROSE
Warehouse Partner
Permanent · AYLESFORD
WAITROSE
Warehouse Partner – Nights
Permanent · LONDON
HEAD OFFICE
Senior Commercial Manager – Point of Sale Credit
Permanent · LONDON
FRASERS GROUP
Marketing Executive - Premium
Permanent · LONDON
FRASERS GROUP
Office Manager
Permanent · LONDON
NAPAPIJIRI
Account Coordinator - German Speaking - Napapijri
Permanent · NOTTINGHAM
NEW LOOK
CRM Executive
Permanent · LONDON
Ads
By
Reuters
Published
Apr 27, 2023
Reading time
2 minutes
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ebay forecasts upbeat revenue as sneakers, refurbished items drive growth

By
Reuters
Published
Apr 27, 2023

Ebay Inc on Wednesday forecast current-quarter revenue above Wall Street projections after beating March-quarter earnings estimates, as it benefits from its strategy of focusing on product categories including sneakers and watches.


Ebay


A selective push from the e-commerce firm also on items like collectibles and refurbished products is helping it drive sales at a time when consumer spending has moderated due to high inflation.

"There remains a dynamic and uncertain macro economic environment across the globe with inflation and rising interest rates and pressured consumer confidence ... but our focus categories remain relatively resilient," Chief Executive Jamie Iannone said in an interview.

The upbeat results soothed investor sentiment, which was hit after eBay earlier this year said that demand weakness will persist in the first half of 2023. The company's shares rose 5% in after-hours trading.

Ebay is expanding listings under refurbished electronics, luxury bags and watches, and recently launched the collectibles category through its acquisition of trading cards marketplace TCGplayer last year.

Ebay is also pushing to expand international sales, which contributed about 20% to its total gross merchandise volume last year, through a new program wherein eBay handles customs formalities and intermediates returns.

San Jose, California-based Ebay expects now June-quarter revenue in the range $2.47 billion to $2.54 billion, higher than analysts' projection of $2.43 billion, according to Refinitiv.

Revenue in the most recent March quarter grew 1% to $2.51 billion, also beating analysts' estimate of $2.48 billion. Earnings per share of $1.11 also came in higher than estimate of $1.07.

Gross merchandise volume, a key industry gauge that denotes the total value of goods and services sold on the marketplace, however, fell 5% to $18.4 billion.

© Thomson Reuters 2023 All rights reserved.