January 26, 2015 11:07 PM ET

Internet and Catalog Retail

Company Overview of zulily, Inc.

Company Overview

zulily, Inc. operates as an online retailer. The company operates through two segments, North America and the United Kingdom. It provides various merchandise products to moms purchasing for their children, themselves, and their homes, including children’s and women’s apparel comprising accessories and shoes; children’s merchandise comprising infant gear, sports equipment, toys, and books; and other merchandise, such as kitchen accessories, home décor, entertainment, electronics, and pet accessories. The company sells its products through a flash sales model. zulily, Inc. was founded in 2009 and is headquartered in Seattle, Washington.

2601 Elliott Avenue

Suite 200

Seattle, WA 98121

United States

Founded in 2009

2,287 Employees

Phone:

877-779-5614

Key Executives for zulily, Inc.

Co-Founder
Age: 41
Total Annual Compensation: $250.0K
Co-Founder and Chairman
Age: 44
Total Annual Compensation: $50.8K
Chief Operating Officer
Age: 52
Total Annual Compensation: $273.9K
Compensation as of Fiscal Year 2013.

zulily, Inc. Key Developments

zulily, Inc.(NasdaqGS:ZU) added to S&P Retail Select Industry Index

zulily, Inc.(NasdaqGS:ZU) added to S&P Retail Select Industry Index

Zulily, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 28, 2014; Provides Earnings Guidance for the Fourth Quarter Ending December 28, 2014; Reiterates Earnings Guidance for the Year Ending December 28, 2014

zulily, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 28, 2014. For the quarter, the company reported net sales of $285,836,000 against $166,655,000 a year ago. Loss from operations was $663,000 against $2,283,000 a year ago. Net loss before provision for income taxes was $495,000 against $2,251,000 a year ago. Net loss attributable to class A and class B common stockholders was $795,000 or $0.01 per basic and diluted share compared to $4,819,000 or $0.09 per basic and diluted share. Non-GAAP net income attributable to the common stockholders was $2,899,000 compared to $45,000 a year ago. Non-GAAP diluted net income per share attributable to Class A and Class B common stockholders was $0.02 compared to nil a year ago. Free cash flow was $31,213,000 compared to $20,764,000 a year ago. Adjusted EBITDA was $6,391,000 compared to $1,791,000 a year ago. Non-GAAP Adjusted EBITDA was $6.4 million. For the nine months, the company reported net sales of $808,730,000 against $438,676,000 a year ago. Income from operations was $4,062,000 against $107,000 a year ago. Net income before provision for income taxes was $4,311,000 against $155,000 a year ago. Net income attributable to class A and class B common stockholders was $4,011,000 or $0.03 per basic and diluted share against loss of $7,475,000 or $0.15 per basic and diluted share a year ago. Net cash provided by operating activities was $91,312,000 against $29,244,000 a year ago. Capital expenditures were $58,365,000 against $12,720,000 a year ago. Non-GAAP net income attributable to the common stockholders was $14,536,000 compared to $5,051,000 a year ago. Non-GAAP diluted net income per share attributable to Class A and Class B common stockholders was $0.11 compared to $0.04 a year ago. Free cash flow was $32,947,000 compared to $16,524,000 a year ago. Adjusted EBITDA was $23,465,000 compared to $9,260,000 a year ago. The effective tax rate was 7%. The company provided earnings guidance for the fourth quarter ending December 28, 2014. For the quarter, the company’s Net sales are expected to be between $391.3 million and $416.3 million, representing an increase of 52% to 62% year over year. Net income before provision for income taxes is expected to be between $10.7 million and $20.7 million. Non-GAAP adjusted EBITDA is expected to be between $21.5 million and $31.5 million. The company reiterates earnings guidance for the full year ending December 28, 2014. For the fiscal year ending 2014, the company’s net sales are expected to be between $1.20 billion and $1.225 billion. Net income before provision for income taxes is expected to be between $15.0 million and $25.0 million. Estimated effective tax rate of 17% based on the mid-point of expected net income before provision for income taxes. Non-GAAP adjusted EBITDA is expected to be between $45.0 million and $55.0 million. Capital expenditures, net of tenant improvement allowances, are expected to be between $55.0 million and $65.0 million. At the midpoint of the pretax income guidance, the company expects to have an effective tax rate of 17% for fiscal year 2014. Going forward, it expects an effective tax rate of 35%.

zulily, Inc. Presents at RBC Capital Markets' Technology, Internet, Media & Telecommunications Conference, Nov-10-2014 11:50 AM

zulily, Inc. Presents at RBC Capital Markets' Technology, Internet, Media & Telecommunications Conference, Nov-10-2014 11:50 AM. Venue: Westin Times Square, 270 West 43rd Street, New York, New York, United States. Speakers: Darrell Cavens, Co-Founder, Chief Executive Officer, President and Director.

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