×
224
Fashion Jobs
SHISEIDO
Laura Mercier Account Manager - Arnotts, Dublin (Maternity Cover)
Permanent · Dublin 13
SHISEIDO
Bareminerals Account Manager - Boots, Belfast
Permanent · New York
RALPH LAUREN
Assistant General Manager (Kildare)
Permanent · Kildare
SHISEIDO
Bareminerals Dual Site Account Manager - Arnotts, Dublin
Permanent · Dublin 13
ESTÉE LAUDER
jo Malone London - Business Manager - bt2, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Cork - 24 Hours - Part-Time - Permanent
Permanent · Cork
ESTÉE LAUDER
Bobbi Brown - Business Manager - Boots, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
L'OREAL GROUP
Business Development Manager - Skinceuticals - Ireland - Active Cosmetics Division
Permanent · Dublin
ESTÉE LAUDER
le Labo - Business Manager - Brown Thomas, Dublin - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
FOOT LOCKER
Manager, Treasury Operations
Permanent · Dublin 1
FOOT LOCKER
Senior Treasury Analyst
Permanent · Dublin 1
SHISEIDO
Nars Account Manager - bt2, Blanchardstown
Permanent · Dublin
SHISEIDO
Nars Account Manager - Brown Thomas, Cork (37.5)
Permanent · Cork
SHISEIDO
Bareminerals Account Manager - Boots, Liffey Valley (37.5)
Permanent · Dublin 22
L'OREAL GROUP
l'Oréal Designer Fragrances Solo Account Manager Brown Thomas Limerick
Permanent · Limerick
L'OREAL GROUP
Atelier Cologne Account Manager Brown Thomas Dublin
Permanent · Dublin
L'OREAL GROUP
l'Oréal Designer Fragrances Mobile Fragrance Consultant
Permanent · Dublin
L'OREAL GROUP
Lancôme Deputy Account Manager Brown Thomas Dublin
Permanent · Dublin
ESTÉE LAUDER
Travel Retail - Estée Lauder - Beauty Advisor - Airport, Dublin Aerrianta - 18 Hours - Part-Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Travel Retail - Estée Lauder - Beauty Advisor - Airport, Dublin Aerrianta - 36 Hours - Full-Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Mac - Christmas Retail Artist - bt2 Dundrum - Various Hours - Seasonal
Fixed-term · Dublin
ESTÉE LAUDER
Mac - Christmas Retail Artist - Brown Thomas, Dublin - Various Hours - Seasonal
Fixed-term · Dublin
By
Reuters
Published
Jul 28, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shopify beats revenue expectations on resilient online shopping trend

By
Reuters
Published
Jul 28, 2021

Canada’s e-commerce giant Shopify Inc beat second-quarter revenue expectations on Wednesday, on the back of a resilient online shopping trend precipitated by the COVID-19 pandemic.


DR



“Shopify fired on all cylinders in our second quarter, keeping our merchants well equipped to seize the opportunities presented in a post-pandemic retail era,” said Amy Shapero, Shopify’s chief financial officer.

U.S.-listed shares of Shopify rose 2% in premarket trading.

Shopify’s value nearly tripled over the last year due to unprecedented growth of the e-commerce sector as customers looked towards online shopping as the only viable alternative during the pandemic.


“I think the Delta variant and re-emergence of COVID-19 ends up further ingraining the shift to digital commerce for consumers,” said Ygal Arounian, analyst at Wedbush Securities.

“It is likely that, even if we are not getting full closures, physical shopping is one area consumers pull back on, given how comfortable people have become shopping online,” he added.

Net income rose to $879.1 million, or $6.90 per share, from about $36 million, or 29 cents per share, a year earlier. The jump in net income was due to the inclusion of $778 million of unrealized gains on its equity investments, Shopify said.


The company’s revenue rose 57% to $1.12 billion for the quarter ended June 30, compared with analysts’ average estimate of $1.05 billion, according to IBES data from Refinitiv.

This is the first time ever that Shopify’s quarterly revenue has surpassed $1 billion.

Gross merchandise volume, a widely watched figure for the e-commerce industry’s performance, rose 40% to $42.2 billion in the quarter. Analysts on average had expected $40.49 billion, according to IBES data from Refinitiv.

Excluding items, the company earned $2.24 per share, above estimates of 97 cents per share.

© Thomson Reuters 2021 All rights reserved.