“Our unwavering commitment to innovation, outstanding product quality, stylish designs, exceptional customer service and overall value, combined with our focus on strong execution led to another year of record revenues, adjusted EBITDA, and free cash flows,”
Jeffrey Housenbold, President and CEO, Shutterfly
In case you missed the news, Shutterfly reported extremely good results this week, with sales expected to increase 17% this year. Their stock is up 13%, and earnings are expected to beat analysts expectations. These numbers are on top of last year’s performance, with revenue for the fourth quarter up 33% and a 50% increase in profits to $53 million.
With the news about the poor performance of Kodak, HP, and others in the photo industry, I am glad to see that Shutterfly has found the right mix of promotions, value, and technology to drive sales. Shutterfly’s results also provide a definitive indication that at least some people are doing more with their photos than leaving them on their cameras and cell phones. Shutterfly recognizes that The Camera Phone is Taking Over and is well positioned for the future..