Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Vitacost.com (NASDAQ: VITC ) closed down 17% after the online retailer missed expectations in its quarterly report.
So what: The vendor of health and wellness products lost $0.11 per share, a penny worse than estimates, while revenue rose 10.1% to $90.5 million, below the consensus at $97.88 million. The company added a total of 312,000 new customers in the quarter, a decrease of 2% from a year ago, while total active customers grew 6% to 2.1 million. CEO Jeffrey Horowitz said, "During the quarter, we tested new promotional strategies in order to better balance customer growth and retention with gross margin. Going forward, we will continue to adjust our promotional strategy accordingly."
Now what: It's hard to see a positive in this report. While the company's net loss improved from $0.15 per share to $0.11, it still seems like profits will be elusive for a while. Analysts expect losses through this year and next even as revenue growth is projected to be near 20%. Online retail is a very competitive arena, and even with a strong customer base, Vitacost is having trouble making the cost equation work.
It's not too late to ride the bull this year
The market stormed out to huge gains across 2013, leaving investors on the sidelines burned. However, opportunistic investors can still find huge winners. The Motley Fool's chief investment officer has hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2013." To find out which stock it is and read our in-depth report, simply click here. It's free!