Drugstore.com
This article was originally published in The Tan Sheet
Executive Summary
Marketing expenses decline to $10.9 mil., or 33% of net sales for first quarter, compared to $19 mil., or 84% of net sales in year-ago period as revenues improve 44.5% to $32.8 mil., Bellevue, Wash.-based e-tailer announces April 26. Average order size is $62, a 150% increase, firm reports. Drugstore.com touts efficient marketing as key to continued growth. Net loss is $41.7 mil., an improvement over $49.5 mil. net loss in year-ago quarter. COO Kal Raman promoted to president/CEO, assuming titles from Chairman Peter Neupert
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