Financial Reports: CDW, RedEnvelope

Record 4Q, Year for CDW
Vernon Hills, IL-based computer reseller CDW (Nasdaq: CDWC) continues to churn out double-digit growth on the top and bottom line.

Fourth-quarter sales increased 12%, to $1.5 billion for the three months ended Dec. 31. Net income grew 41%, to $62.7 million from $44.6 million. Direct Web sales–conducted without the assistance of a customer service rep–hit $389 million for the quarter, a 29% increase from the previous fourth quarter.

For the year ended Dec. 31, net sales hit $5.7 billion, a 23% increase over 2003. Net income jumped 38% for the year. Direct Web sales topped $1.5 billion for the full year, a whopping 44% increase over the previous year.

Strong Holiday Quarter for RedEnvelope
San Francisco-based gifts cataloger RedEnvelope (Nasdaq: REDE) enjoyed a 33% jump in sales and a 135% leap in net income for its fiscal third quarter. For the three months ended Dec. 26, it netted $2.8 million on revenue of $47.5 million. For the previous third quarter, RedEnvelope had reported net income of $1.2 million on sales of $35.9 million.

The increase came despite weather-related fulfillment problems. Citing “hazardous road conditions,” many employees could not make it to work on Dec. 22 and Dec. 23, which resulted in about $800,000 of orders being delivered after the quarter ended. Because the company recognizes revenue when the goods are delivered, not shipped, the $800,000 will be recognized as fiscal fourth-quarter net revenue.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.