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Cimpress’ fourth-quarter sales drops to $421 million

Vistaprint parent Cimpress plc CMPR reported fourth-quarter fiscal 2020, with total revenues of $429.1 million compared with $675 million in the year-ago quarter. This, however, exceeded the top-line consensus estimate of $421 million. Vistaprint, the company’s largest segment, reported aggregate revenues of $244.5 million, down from $360.4 million in the year-ago quarter.

The National Pen segment generated revenues of $33 million, down from $69.8 million in the prior-year quarter.

The Upload and Print segment’s revenues fell to $118.9 million from $204.8 million in the year-ago quarter. The PrintBrothers’ segment revenues fell to $72.5 million from $117 million in the prior-year quarter. The Print Group segment generated revenues of $46.7 million, down from $88.1 million reported in the year-ago quarter. Meanwhile, revenues from All Other Businesses increased to $42.5 million from $42.2 million in the year-ago quarter.

The company showed a fourth-quarter loss of $3.3 million, compared to $49 million profit in the same quarter last year.

For the year, total revenue was $2.48 billion, compared to $2.75 billion last year. Net income was $55,969 million, compared to $163 million in fiscal 2019.

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