Financial and Operational Highlights for the Fourth Quarter of 2007
(All comparisons are made to the fourth quarter of 2006)
Key Financial Highlights:
-- Gross margins for the quarter increased 300 basis points to a record
high of 24.6%. For the year, gross margins improved 170 basis points
-- Total contribution margin dollars increased by over 30% for the quarter
and for the year improved by 20%.
-- Total orders grew by 9% to 1.6 million, while contribution margin
dollars per order grew almost 20% to approximately $13. For the year,
total orders increased by 10%, while contribution margin dollars per
order grew to approximately $12.
-- Cash, cash equivalents and marketable securities were $36.2 million at
Net Sales Summary:
-- Core OTC  revenues grew by approximately 18% to $65.4 million in the
quarter and increased by 19% to $232.4 million for the year.OTC net
sales grew by over 17% to $65.9 million. For the year, OTC net sales
grew by over 18% to $234.3 million.
-- Vision net sales grew approximately 6% to $12.7 million and for the
year increased over 10% to $54.9 million.
-- Local pick-up pharmacy net sales were up approximately 4% to
$26.9 million and for the year increased by approximately 6% to
-- Mail-order pharmacy net sales were down to $12.7 million. For the
year, mail order pharmacy net sales decreased 26% while contribution
margins dollars increased 10%.
-- Average net sales per
|SOURCE drugstore.com, inc.|
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