Cimpress’ fourth-quarter sales drops to $421 million

GaryPageau ,

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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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.