Opinion: Shutterfly earnings report shows pivot is timely
Shutterfly reported its second-quarter earnings report yesterday and the results indicate the photo-printing leader has a way to go in its on-going restructuring plans (detailed here). All sales growth was driven by the Shutterfly Business Services (SBS) unit, for example, and consumer sales-per-order continues to weaken. The SBS business may have tighter gross margins, but at least it is growing at...
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