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What: Retailer HSN
So what: Non-GAAP EPS of $0.60 walloped the consensus estimate of $0.41 and grew 28% year over year. GAAP EPS of $0.53 grew 27% year over year. Revenue of $747 million grew 8% and came in 2% above the consensus forecast.
Now what: Compared to the year-ago quarter, the company's average price point increased 7%, unit volume increased 1%, and the return rate dropped to 17.6% from 18.2%. The CEO touted ongoing increases in e-commerce sales penetration, an expanding mobile business, and the success of HSN's online gaming site, HSN Arcade. The company seems to have turned a corner that will make year-over-year growth comparables tougher starting with this year's holiday shopping season.
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Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.