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Overstock.com Reports 22% Gain In Q2 Net Revenue

Overstock.com today reported total net revenue for the second quarter of $293.2 million compared to $239.5 million for the comparable 2012 period, a 22% increase. The company attributed the growth to a 21% increase in average order size, up from $138 in 2012’s second quarter to $167 for the second quarter of this year.

For the quarter the company reported gross profit of $57.8 million, a 19.7% increase over gross profit of $43.2 million, for the year-earlier quarter. The increase in gross profit was attributed to higher revenue, a shift in product sales mix into higher margin home and garden products, and lower warehousing costs, partially offset by higher freight costs.


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