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Overstock.com (NASDAQ:OSTK) announced participation in the Credit Suisse 25th Annual Technology Conference from November 29 to December 2, 2021. CEO Jonathan Johnson and CFO Adrianne Lee will engage in investor meetings. Johnson highlighted the company’s profitable market share growth in Q3 2021 due to significant operational changes over the past year and a half. The conference is a key event in the technology investment sector and takes place in Scottsdale, Arizona. Overstock continues to accept cryptocurrency payments, enhancing its position in e-commerce.
Overstock.com has announced a regular annual cash dividend of $0.16 per share for 2021, payable on December 16, 2021, to shareholders of Series A-1 and Series B Preferred Stock. The record date for this dividend is November 30, 2021, with an ex-dividend date expected on November 29, 2021. This marks the fifth consecutive year of dividend payments, showcasing Overstock's commitment to shareholder value and a strong balance sheet.
Overstock.com reported third quarter 2021 net revenue of $689 million, a 4% decline year over year, with year-to-date revenue surpassing $2 billion. Gross profit stood at $157 million (22.7% of total revenue), and the company achieved diluted earnings per share of $0.63. Active customers reached 8.7 million (+5% YoY), while average order value increased by 24% to $214. Despite a 22% drop in orders delivered, CEO Jonathan Johnson emphasized successful navigation of supply chain challenges and strong online market penetration.
Overstock.com (NASDAQ:OSTK) is set to announce its third quarter financial results for the period ending September 30, 2021, on October 28, 2021, before the market opens. A conference call will be held at 8:30 AM ET to discuss the results and answer questions. Interested parties can submit questions in advance via email. The call will be accessible via webcast and telephone, with a replay available post-event. Overstock continues to thrive as an e-commerce home furnishings retailer, known for accepting cryptocurrency as payment.
Overstock.com (NASDAQ:OSTK) partners with Mercy Housing, a non-profit focused on affordable housing, to support individuals and families with low incomes. This collaboration includes product donations, employee volunteer opportunities, and customer donation facilitation on Overstock's website. Since its inception in 1981, Mercy Housing has managed over 24,000 affordable homes nationwide. Overstock is committed to enhancing community welfare and accessibility through this initiative, aligning with its vision of creating Dream Homes for All.
Overstock.com, a leading e-commerce retailer (NASDAQ:OSTK), will participate in the D.A. Davidson & Co. 20th Annual Software & Internet Conference. CEO Jonathan Johnson and CFO Adrianne Lee will engage in a fireside chat on September 9 at 11:00 a.m. ET. Johnson expressed confidence in the company’s growth and profitability in Q2 2021, thanking D.A. Davidson for the opportunity to share their progress. A live webcast of the event will be available on Overstock’s investor relations website.
Overstock.com has announced a stock repurchase program of up to $100 million aimed at enhancing shareholder value and mitigating the dilutive effects of recent stock issuances. The company plans to utilize existing cash balances and cash generated from operations to fund the buyback. CEO Jonathan Johnson expressed confidence in Overstock's business and its sustainable profit growth. The program's repurchase timing and amount will be determined by a designated committee and has a termination date of December 31, 2023.
Overstock.com, a leading e-commerce retailer, achieved the second spot on the National Retail Federation's Hot 25 Retailers list, recognizing the fastest-growing retail companies in the U.S. This ranking is based on a remarkable 75% sales growth, with revenues rising to $2.5 billion in 2020 from $1.5 billion in 2019. CEO Jonathan Johnson highlighted the company's strategic focus on home furnishings and the team's effort during a challenging year. This recognition underscores Overstock's growing market share and potential for ongoing success in the retail sector.
Overstock.com reported second-quarter 2021 results, revealing a 4% year-over-year increase in net revenue, totaling $795 million. Gross profit was $175 million, representing 22% of total revenue. The company achieved $82 million in income from continuing operations and a diluted earnings per share of $1.72. Active customer count grew by 31% to 9.2 million. Notably, Overstock recognized a $228 million gain from its transaction with Pelion Venture Partners.
Overstock.com (NASDAQ:OSTK) will announce its second quarter financial results for the period ending June 30, 2021, on July 29, 2021, before the market opens. A conference call and webcast to discuss the results will occur at 8:30 am ET. Interested parties may submit questions in advance via email. The live webcast can be accessed on Overstock's investor relations website, and a replay will be available shortly after the call. The company continues to highlight its position as a major online retailer in home furnishings, with a wide product range and a notable history of accepting cryptocurrency payments.
