Bulletin
Investor Alert

Market Pulse Archives

April 2, 2020, 5:46 p.m. EDT

Etsy touts sales, liquidity amid coronavirus wreckage

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Etsy Inc. (ETSY)

or Cancel Already have a watchlist? Log In

By Claudia Assis

ETSY

Etsy Inc. /zigman2/quotes/202790087/composite ETSY -1.97% said Thursday that its first-quarter consolidated gross merchandise sales hit $1.4 billion, up 32% year-on-year. That is in line with expectations of analysts polled by FactSet. In what the online marketplace dubbed a "fireside chat" with management, Etsy said it has "high-quality capital" on its balance sheet and is in a "very strong financial position" to weather the slowdown brought by the coronavirus pandemic. As of Dec. 31, the company had more than $800 million in cash and short-term investments. None of its debt is due before 2023 and the company has a credit line of about $200 million currently untapped, it said. Shares of Etsy see-sawed between gains and losses in the extended session after ending the regular session down 1.8%.

/zigman2/quotes/202790087/composite
US : U.S.: Nasdaq
$ 78.72
-1.58 -1.97%
Volume: 2.98M
June 5, 2020 4:00p
P/E Ratio
128.67
Dividend Yield
N/A
Market Cap
$9.53 billion
Rev. per Employee
$690,724
loading...

Get news alerts on Etsy Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.