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It has been about a month since the last earnings report for Cimpress (CMPR). Shares have added about 16.6% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Cimpress due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Cimpress' Q1 Earnings Miss Estimates, Revenues Increase Y/Y
Cimpress reported first-quarter fiscal 2025 (ended Sept. 30, 2024) adjusted loss of 50 cents per share in contrast to the Zacks Consensus Estimate of earnings of 30 cents per share. The company had reported adjusted earnings of 17 cents per share in the year-ago quarter.
Top-Line Details
Total revenues were $805 million, reflecting an increase of 6% from $757.3 million in the year-ago quarter. The organic constant-currency revenue growth was 6% year over year, driven by growth in each of its businesses. The top line beat the Zack Consensus Estimate of $801 million.
Segmental Information
The National Pen segment generated revenues of $93.4 million, up from $86.8 million in the year-ago quarter. Our estimate was $93 million.
Vista — the largest revenue-generating segment — reported aggregate revenues of $429.5 million compared with $396.9 million in the year-ago quarter. Our estimate was $425.7 million.
The Upload and Print segment’s revenues increased to $244.5 million from $231.9 million in the year-ago quarter. The segment consists of two subgroups, namely PrintBrothers and The Print Group.
PrintBrothers’ revenues increased to $160.4 million from $152.6 million in the year-ago period. Our estimate was $165 million. The Print Group generated revenues of $84.1 million, up from $79.4 million reported in the year-ago quarter. Our estimate was $82.6 million.
Revenues from All Other Businesses were $57.1 million compared with $51.4 million reported a year ago. Our estimate was $52.7 million.
Margin Details
Cimpress' cost of revenues was $422.7 million, up 6% on a year-over-year basis. Marketing and selling expenses totaled $203.8 million, up 6% year over year. General & administrative expenses were $51.9 million, up from $48.3 million reported in the year-ago fiscal quarter.
Gross profit increased 6.4% year over year to $382 million. The margin was 47%, relatively stable year over year. Net interest expenses rose 7.5% year over year to $31.4 million. Adjusted EBITDA fell $1 million year over year to $87.8 million.