Global-E Online Ltd. - GLBE STOCK NEWS

Loop, a commerce operations platform for Shopify brands, has announced a strategic partnership with Global-e, a leading platform for global direct-to-consumer e-commerce. The collaboration aims to simplify cross-border returns management by consolidating domestic and international returns into a single streamlined system.

The partnership combines Loop's returns management expertise with Global-e's e-commerce capabilities, offering merchants key benefits including: streamlined returns from any location, sophisticated return policy management, increased revenue retention through Store Credit for international returns, enhanced reporting capabilities, and competitive international shipping rates through Global-e's carrier network.

As Merchant of Record on global e-commerce orders, Global-e handles duties, taxes, and cross-border operations, enabling merchants to navigate international e-commerce complexities while ensuring compliance and reducing administrative burdens.

Loop and Global-e (GLBE) have announced a strategic partnership to enhance cross-border returns management for e-commerce merchants. The collaboration integrates Loop's returns management platform with Global-e's international e-commerce capabilities, offering merchants a unified system for handling both domestic and international returns.

The partnership provides key features including streamlined returns from any location, sophisticated return policy management through Loop's Workflows feature, increased revenue retention via Store Credit for international returns, enhanced reporting capabilities, and competitive international shipping rates through Global-e's global carriers network.

As Merchant of Record, Global-e handles duties, taxes, and cross-border operations, enabling merchants to expand into new markets while reducing administrative complexities. The integration has already shown success, with GoRuck successfully launching in 50 new markets using the combined solution.

Global-e (GLBE), the platform powering global direct-to-consumer e-commerce, has scheduled its fourth quarter and full year 2024 financial results announcement for February 19, 2025, before market open. The company will host a conference call at 8:00 AM ET to discuss the results and outlook.

Interested parties can join via phone using the toll-free number +1-800-717-1738 for United States/Canada or the international toll number +1-646-307-1865. A live webcast will be available on Global-e's Investor Relations website, with a replay accessible for approximately 30 days after the call.

Global-e (NASDAQ: GLBE) has been selected by Victoria's Secret to enhance their international e-commerce operations. The partnership will strengthen Victoria's Secret's online presence in key markets like Canada, Germany, and France, while enabling localized shopping experiences across over 100 markets globally.

The collaboration provides Victoria's Secret customers with local currency pricing, various payment options, guaranteed final purchase costs, and enhanced delivery services. Global-e's platform offers localization in over 30 languages, supports over 100 currencies, and provides over 150 local payment methods, along with tax calculation, shipping options, and returns management.

Global-e (NASDAQ: GLBE) reported a 43% year-over-year increase in sales during the Black Friday-Cyber Monday (BFCM) weekend of 2024. The company saw strong growth across multiple markets including Germany, France, UK, Canada, US, UAE, Japan, and Australia. E-commerce sales through Global-e's platforms during the promotional season, including two weeks prior to BFCM, grew by 45% compared to last year. Black Friday dominated with 33% of total BFCM weekend sales, while Cyber Monday accounted for 23%. Sales momentum began building in early November, with promotions running throughout the month.

Global-e Online (GLBE) reported strong Q3 2024 results with significant growth metrics. GMV reached $1,134 million, up 35% year-over-year, while revenue increased 32% to $176 million. The company's non-GAAP gross profit grew 39% to $82.3 million, with margins improving to 46.8%. Despite these gains, the company recorded a net loss of $22.6 million. Notable business highlights include onboarding major brands like Harrods, Torrid, and Manchester United. Based on strong performance, Global-e raised its full-year 2024 guidance, projecting GMV between $4,760-$4,830 million and revenue of $732.9-$744.9 million.

Global-e (NASDAQ: GLBE) has announced a partnership with luxury department store Harrods to enhance its international online operations. The collaboration will enable Harrods to strengthen its e-commerce strategy across 200+ markets worldwide. Through Global-e's platform, Harrods will offer customers localized shopping experiences including local currency pricing, various payment methods, optimized shipping options, and simplified tax calculations. The partnership aims to combine Harrods' reputation for excellence with Global-e's expertise in international e-commerce operations and data-driven market insights.

Global-e Online (Nasdaq: GLBE) has announced it will release its third quarter 2024 financial results on Wednesday, November 20, 2024, before market open. The company will host a conference call at 8:00 AM ET to discuss the results and outlook. Investors can join via toll-free numbers for US/Canada (+1-800-717-1738) or international (+1-646-307-1865). A live webcast will be available on Global-e's investor relations website, with a replay accessible for approximately 30 days after the call.

Global-e Online (Nasdaq: GLBE) reported strong Q2 2024 financial results, with GMV reaching $1,082 million, a 31% year-over-year increase. Revenue grew 26% to $168 million, while non-GAAP gross profit increased 39% to $80.2 million. The company's non-GAAP gross margin improved by 450 basis points to 47.8%. Adjusted EBITDA rose to $31.3 million from $21.0 million in Q2 2023.

Global-e continued to onboard new merchants globally and expand partnerships with existing ones. The company's strategic partnership with Shopify progressed well, with the migration of historical merchants to the new native integration nearly complete. For Q3 2024, Global-e expects GMV between $1,070 - $1,110 million and revenue of $165.7 - $171.7 million. The company updated its full-year 2024 guidance, projecting GMV of $4,605 - $4,845 million and revenue of $710 - $750 million.