Etsy is trying to recreate pandemic-era sales. Here's where it's having trouble
Etsy(ETSY) cnbc.com·2024-05-19 12:00
Etsy's first-quarter results were disappointing: gross merchandise sales, or GMS, fell; its consolidated marketplace revenue was flat, with year-over-year growth of just 0.8%; and the company's net income was $63 million, compared with $74.5 million in the same quarter the year prior. Shares sank 15% the day after the report. E-commerce artisan marketplace Etsy is at a crossroads as it tries to balance declining gross merchandise sales, a tumbling stock price and high inflation with the needs of its 7 milli ...